28.12.2015 - We expect the fall of the Australian dollar to 0.6800
The price of the Australian Dollar corrected downwards and within the slight decline has reached a sloping support line. In case of breaking and fixing the price below this level, quotes will continue to drop to 0.7200 and 0.7150. On the other hand, there is a possibility of price rebound from the sloping support line and continued growth to 0,7300-0,7350. We maintain our medium-term negative outlook, despite the possible continuation of growth in the near future and look forward to a sell signal with the objectives at 0.7000 and 0.6800.