Market Leader informed
Foreign investors show growing interest in Australia, which is quite logical as Australia is a most safe country in terms of investments. The net amount of the deals made by foreign buyers over the period of 2008-2009 is 25 billion Australian dollars. Most investors come from the UK, Hong Kong, Japan. Over the mentioned period of time they purchased 988 dales and 3639 homes.
Thanks to such an increased inflow of the foreign buyers Sydney sees growing demand for fixed property in the Central Business District, western suburbs and areas of the Northern Coast.
According to experts from the Department of studying Masterforex-V trading system , AUDUSD has finished a bearish wave of level D3 (1,0181-0,9536) and is currently developing a bullish correction to it. Having made a rebound from 0,9638, the prices is most likely to continue the downward movement. To start a new uptrend it will have to get over the pivot at 0.9950.
Support/Resistance level:
1.0181 AD3 base
1,0104 11,8% AD3
1,0028 23,6% AD3
0,9950 MF pivot
0,9936 38,2% AD3, 88% AW1
0,9867 – the current price
0,9859 50% AD3
0,9783 61,8% AD3
0,9689 76,4% AD3, 76,4% AW1
0,9536 AD3 low
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