Breach of important price line imminent by EURAUD

EURAUD is moving towards a line of 1.5447 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURAUD continues in its current trajectory, we may see it move towards 1.5447 within the next 8 hours.