30.05.2014 - The potential of further growth of the Australian dollar is limited

The price of the Australian dollar has broken through the resistance level at 0.9300 and is trying to gain a foothold above it. In case of further growth, the price can reach 0.9340 and the inclined resistance line. Within the correction the price may fall to 0.9280. We expect the resumption of downward movement in the coming days and keep a medium-term negative outlook for the Australian dollar.

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