Forex news, rate of Australian dollar. Australian Prime Minister Julia Gillard has maintained leadership over the ruling Labour Party. Reelection had been initiated by Gillard herself after a scandalous retirement of the Minister of Foreign Affairs.
Gillard came to power in 2010, having removed Prime Minister Kevin Rudd and ALB leader from their positions by means of intraparty coup.
Another reelection of Prime Minister will happen in 2013. Tony Abbott and “his conservatives” are the main rivals of Gillard and labourists.
Current disagreements within Labour Party do not bring any trust from citizens; consequently, the party loses trust and support of its electorate. This has been concluded by Herald Sun. Kevin Rudd is pouring oil into fire by making claims that Australian Labour Party is losing popularity among the population.
Rate of Australian dollar continues forming bullish wave А/В of minimal level Н8. According to the experts of Мasterforex-V Trading System, the closest resistance to the bullish trend will be provided by sloping channel MF, pivot MF 1.0815, and maximal point 1.0843. The current bullish wave will be over when bullish sloping channel MF and pivot MF 1.0649 are passed.
