The EURAUD currency pair is currently testing a key trendline resistance, with an attempt to break out. In the event of a successful breakout above 1.6600, we anticipate a potential upward movement towards the next resistance level at 1.6865. However, failure to breach the trendline resistance could result in the pair remaining within its established trend.
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EURAUD is facing a tough time breaking through the trendline resistance.
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The breakout attempt of EURAUD above its trendline appears to have failed, with the currency pair now descending and remaining within its established trend.