Chart Of The Day: EUR/AUD

 | May 13, 2021 06:11PM ET

EUR/AUD is nearing the key horizontal resistance at the 1.5700 level, and a break above this could put the 200-day moving average back in view as we break out of a triangle consolidation from January. Multiple attempts to break lower below the 61.8% retracement at 1.5423 were thwarted, which could lead to a break higher near term. RSI has also broken higher from a descending trendline, which could be signalling a bullish breakout.