05.05.2016 - THE FALL OF THE AUSTRALIAN DOLLAR ACCORDING TO OUR FORECASTS WILL CONTINUE

The price of the Australian dollar rebounded from the bottom of the channel and reached the level of 0.7500, fixing the price below this level is the basis for the continuation of negative dynamics with the objectives at 0.7400 and 0.7240. Growth is limited by the resistance level at 0.7575 and the upper limit of the downward channel.Our medium-term outlook is negative and we are waiting for a decline in the near future.

Source: https://fxfinpro.com