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07.07.2016 - THE FALL OF THE AUSTRALIAN DOLLAR MAY RESUME by Fxfinpro Capital

The price of the Australian dollar rebounded from the support level at 0.7400 and the growth achieved in the framework of local ascending channel's lower border. In case of continuation of the upward movement of prices may reach the 0.7575 and 0.7700 marks, but a more likely scenario according to our forecasts will be the resumption of the negative dynamics with the first targets at 0.7400 and 0.7320.According to our estimates, the continued growth in the near future is unlikely, and our medium-term outlook remains negative with the objectives about 0,6800-0,7000.

Source: https://fxfinpro.com

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