The investments in Australia's mining
sector seems to be declining, thereby creating more problems for the
Australian economy. According to experts, the country's mining sector
has shifted from the investment stage to the production stage.
Apparently, lower commodity prices along with higher expenses
deteriorate the investment environment. This leads to fewer investment
projects in the mining sector.
The project completed over the last 12
months have increased the mining capacity and are able to supply bigger
export volumes in the future. Therefore, there is less need in more
mining projects at this point.
Forex
According to Masterforex-V Academy,
the Australian Dollar keeps weakening against the US Dollar. The
experts report that AUDUSD is forming wave 3/С inside a bigger-scale
upswing represented by a wave of level Weekly.
A further downswing below the 0.9087 low will probably give way to 0.9080, 0.9161/41, 0.8993, 0.8965/53.
The current bearish move will be completed as soon as the price
overcomes the top of the MF sloping channel and consolidates above 0.9202. (as shown below).