AUTOREFRESH 
Australian home loans fall unexpectedly
By Sean Lee || March 10, 2010 at 00:34 GMT
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Owner-occupied housing finance fell by almost 8% in Australia in January, against expectations. The AUD/USD has now fallen back to it’s opening level at .9135. Support is firm at yesterday’s low and the 100-day MA at .9060. Not much in the way of resistance levels until .9320. I do not expect either of these levels to be remotely challenged today and the market will await tomorrow’s employment data before deciding on it’s next big move.
Great update Sean. I thought about a limit buy at 9060 in aud/usd before I signed off. Wish I would have. Those rate hikes are starting to take effect, it looks like.
A West Australian explorer has announced it has discovered what could be the Mid West’s single biggest iron ore deposit.
Mr Hendrie believes further studies could prove the resource is up to eight billion tonnes, representing a potential mine life in excess of 50 years http://www.abc.net.au/news/stories/2010/03/10/2841518.htm?section=business
Reports like that can only help the aud … Property prices need to be cooled off , its impossible to buy now in Sydney anything under $600k , all well overpriced . rates need to got to at least 5.50bpts to cool it off http://www.smh.com.au/business/rba-warns-home-prices-could-go-higher-20100310-pwlj.html