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Australian House Prices continue to grow

Tuesday, Jun 23 2015
Earlier today, from Australia, House Price Index figures were released. The price index for residential properties for the weighted average of the eight capital cities rose 1.6% in the March quarter 2015. Analysts were anticipating increase by 2.2%. The index rose 6.9% through the year to the March quarter 2015. 
 
The total value of residential dwellings in Australia was $5,468,467.9 million at the end of March quarter 2015, rising $101,308.2 million over the quarter. The mean price of residential dwellings rose $8,400 to $576,100 and the number of residential dwellings rose by 38,200 to 9,491,700 in the March quarter 2015.
 
After the data and in Asian part of the session in general Aussie fell and is currently being traded few points above 0.77 handle. Pair is likely to find support around 0.7650 and resistance above 0.7750 area. Later today, in the US session, Durable Goods Orders, Manufacturing PMI and New Home Sales figures are scheduled for a release.
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