Australian Dollar Is Buoyant Despite Disappointing Employment Data

• 19 Apr 2018

EUR/AUD

The EUR/AUD pair has broken the 20- period EMA to the downside. RSI has a downward trajectory and there is an imminent break of the zero line on MACD. Clearly, a break would be significant and provide weight to the bearish move.

 AUD/NZD

The AUD/NZD pair has broken the 20- period EMA to the upside and RSI also has an upward trajectory. There is a momentum reversal taking place on MACD, however, declining volume suggests that buyers may not have the conviction to drive prices much higher.

AUD/USD

The AUD/USD pair has broken the 0.776 price level and the high price SMA. RSI has an upward trajectory and MACD is on the verge of a bullish break of the zero line.  The next price target for buyers is the 0.788 price level, which may indicate the reversal of a previous longer term downtrend.

AUD/JPY

The AUD/JPY pair has broken the high price SMA to the upside. Momentum indicators have an upward trajectory and there is an imminent break of the zero line on MACD.