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Aussie higher after House Prices Index rose by 4.7%

Tuesday, Sep 22 2015
The price index for residential properties for the weighted average of the eight capital cities rose 4.7% in the June quarter 2015. Analysts were expecting smaller increase by 2.5%. The index rose 9.8% through the year to the June quarter 2015. 
 
The total value of residential dwellings in Australia was $5,761,607.2m at the end of June quarter 2015, rising $271,939.1m over the quarter. The mean price of residential dwellings rose $26,200 to $604,700 and the number of residential dwellings rose by 38,400 to 9,528,300 in the June quarter 2015.
 
Aussie is currently being traded few points above 0.7140 level. Pair is likely to find support around 0.71 handle and resistance above 0.72 area. There will be no major data releases in the rest of the session.
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