30.11.2015 - The price of the Australian dollar may continue to rise to 0,7275-0,7300

The price of the Australian dollar after the correction within the local rising channel approached its bottom and then continued to rise. Currently quotes are around important level of 0.7200 and in case of its overcoming the upward movement will continue to 0,7275-0,7300. The breaking of support level at 0.7150 will be a signal for the opening short positions. Our medium-term outlook remains negative with the objectives at 0.7000 and 0.6800.

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