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At the Forex currency market the Australian Dollar rate makes attempts to recoveron Monday with the help of the external background, however these attempts have not been successful so far.

Forex forecast: MACD indicator for the pair AUD/USD has broken through the signal line from bottom totop and is traded upward, giving a buy signal. Stochastic Oscillator goes downin the neutral zone and is giving a sell signal.

Forex recommendations: off the market.

Feasible event scenario at Forex: in case of breakdown at the level of 1.0215, the pair will go to 1.0220 and 1.0250. If upward breakdown does not take place and aggressive sellers will be back in the pair, AUD/USD will have a chance to go to 1.01.70.

It became known today that retail sales in Australia showed a zero change in November against the growth of 0.2% m/m inOctober. In addition, sales of new houses HIA grew by 6.8% m/m in November against revised level of +2.8% m/m in October.

Statistics released on Monday was not able tofully support the AUD and it is obvious that sellers dominate over buyers inthe market, sellers are quiet at the moment; however, it is clearly not forlong.

Unemployment rate increased to 5.3% inNovember against the forecast of 5.2%. Employment rate fell by 6 thousand against the growth of 16.8 thousand earlier. Economists expected the the increase of jobs by 10 thousand. The indicator reflects the impact of European debt problems on the Australian economy. Retail sales in Australia increased tothe minimum value of +0.2% m/m over 4 months in October. In September the index rose by 0.4%, and by 0.6% in August. It became known earlier that private sector lending in Australia increased by 0.3% m/m (+3.5% y/y) in Novemberagainst the growth of 0.2% m/m in October.

Australian Central Bank noted last week, thatthe country has been fighting against repercussions of European debt crisis with the help of investment boom: minutes of the last meeting of the Reserve Bank of Australia showed that there is no urgent need at the moment in lower ingrate and current steps directed to ease monetary policy is sufficient to support economy.

Consumer sentiment index Westpac-MI fell to94.7 points, -8.3% m/m in December against the value of 103.4 points in November. Business confidence index NAB in Australia increased to 1 point in November against zero level in October. According to the data release dearlier, Business activity index AiG in the service sector of Australiain creased to 49.0 points in November against the level of 47.7 points in October. In addition, trade balance amounted to +?$1.38 billion in November against expectations of +?$2.0 billion.

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