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Trader, analyst and instructor with a 6-year experience

Goldman Sachs: bearish on AUD/USD

Goldman Sachs specialists are strongly bearish on the Australian dollar in a long term. According to their fair value estimates, AUD/USD could fall to $0.7400 in 2016 on the back of the deteriorating terms of trade and falling commodity prices. The initial long-term target lies at $0.8000. 

Chart. Monthly AUD/USD 

 

AUD
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