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At the Forex currency market the Australian Dollar rate resumed its growth on Tuesday following two days of moderate sales.

Forex forecast: MACD indicator for the pair AUD/USD is going up in the positive area, giving a buy signal. Stochastic Oscillator demonstrates sideways trend and is traded sideways, not giving a clear signal.

Forex recommendations: in case of breakdown at the level of 1.0420, the pair will go to 1.0430 and 1.0460.

Macro-economic situation in Australia has not changed significantly today.

Statistics released yesterday showed that mortgage lending in Australia increased by 1.4% m/m in November against the growth of 0.8% in October, which is a positive indicator.

Consumer sentiment index Westpac-MI fell to 94.7 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 released earlier, business activity index AiG in the service sector of Australia increased 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.

Unemployment rate increased to 5.3% in November against the forecast of 5.2%.  Employment rate fell by 6 thousand against the growth of 16.8 thousand earlier, while economists expected the increase of jobs by 10 thousand. The indicator reflects the impact of European debt problems on the Australian economy. Statistics released earlier showed that number of construction permits in Australia increased by 8.4% m/m (-10.0% y/y) in November. Expected rise had been of 7%. Retail sales showed a zero change in November against the growth of 0.2% m/m in October.

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