There might be several reason why EURAUD has started a new uptrend that can be seen in the chart.
In addition fundamental analyses are way heavier on the EUR side.
Wile AUD reported negative news last week.
plenty of reason can be seen in this chart. there are a few resistance in blue lines
Elliott wave have shown to you guys. if you have any question feel free to ask.
you can see all support and resistance zoon in idea
there were plenty of weakness in USD due to yesterday news
its been a while in which we have good news for EUR
so I expect upward price trend at least towards top of the channel
