30.05.2016 - The Australian dollar is likely to fall further
The price of the Australian dollar after the recent correction has reached the level of 0.7250 and resumed falling. This fact is the basis for the continuation of the negative dynamics of price with the nearest target levels at 0.7000 and 0.6840. On the other hand breaking through the local maximum and fixation above it will mean a change of the local downward trend to the positive. Our medium-term outlook remains negative, and the decline may continue in the near future.