EURAUD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 1.7896 within the next 2 days.
If you’re short EURAUD you should be aware that 1.7845 has just been breached – a level tested 3 time in the past
