29.06.2015 - The fall of the Australian dollar may continue to 0.7500
The price of the Australian dollar within the strong reduction has reached the target level at 0.7600 and the lower boundary of a local descending channel. In case of continuation of the current correction, quotations may reach the level of 0.7700 and the upper boundary of the channel. In case of overcoming the level of 0.7600, quotes will reach the levels 0.7550 and 0.7500. Our medium-term outlook remains negative with the target at 0.7200, and we still recommend holding short positions.