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.
clear Elliott wave after a correction ABC our entry is on the chart
bearish trend line in daily timeframe can be seen trigger was clear to see in 1H timeframe.
a short trend to downside could be seen after pullback to our weekly support zoon
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
this is pullback to 1760 short term buy if u have any question about my chart feel free to ask in comments!
we can see an obvious triangle waiting for its fifth contact a break out and then a pullback to green trendline is our trigger
gann fan for usdcad strong resistance downtrend weekly