Australian Dollar Dominates Price Action During Asian Trading Session

• 12 Mar 2018

AUD/USD

The AUD/USD pair has broken the 20- period EMA to the upside which had been acting as a resistance area. At the same time, MACD has begun a momentum reversal and RSI has a clear upward trajectory.

AUD/JPY

The AUD/JPY pair has broken the 20- period EMA to the upside.  Momentum indicators have turned more bullish with MACD and RSI undergoing momentum reversals.

AUD/CHF

The AUD/CHF pair has broken the 0.742 price line and is now approaching the 0.750 price level. A bullish break of the zero line on MACD provides weight to the uptrend whilst RSI also indicates further upside for the pair.

EUR/AUD

The EUR/AUD pair has broken the low price SMA to the downside followed by another bearish candle. A momentum reversal is underway on MACD and RSI has a sharp downward trajectory; confirming strong bearish momentum.