29.09.2015 - We expect the fall of the Australian dollar
The price of the Australian dollar after a sharp fall within the local descending channel and reaching the mark of 0.6950 has started to correct and returned to the psychologically important level of 0.7000 and the upper boundary of the channel. In case of a breaking through the level of 0.6900, quotes will continue to decline to 0.6750. In case of the continued growth of quotations within the correction, the price may rise to 0.7100. Our medium-term outlook remains negative.