Tatsiana Ketrar
Forex news, AUDUSD. February results, announced by Australian Bureau of Statistics, signal about shortage of mortgage loans. This is the second decline in a row.
Taking into consideration seasonal factor, in February the point has dropped by 2.5% in comparison to January when it decline by 1.1%. Experts were predicting it to drop to 4%.
In monetary terms, the volume of mortgage loans has also reduced by 4% In comparison to last month, credits for buying new housing has also dropped, whereas investment credits have increased by 4.4%.
AYDUSD continues its long-term weakening against US dollar. According to Masterforex-V Trading System , the pair is showing first signs of finishing bearish wave А(С)/С of H16 level. Current bearish wave will continue if local minimum 1.0225 is broken; closest support will be provided by Fibonacci points 1.0156 and 1.0120. Current bearish wave may be likely to finish when sloping channel MF and pivot MF 1.0355 are exceeded.
Tatsiana Ketrar
