The EUR/AUD has recently broke below a rising trendline that goes back to February 2012.As we can see in the daily chart, the breakout has then found support just below 1.27, with the market pushing for a pullback. The RSI (the oscillator below the chart) shows that the bullish momentum of the rally since February has not been broken yet because the reading is held above 40. Therefore, whether this is a pullback or bullish continuation is not clear because the breakout has not yet been followed through with strong bearish momentum. At best we can say the market in the medium term is still bullish to sideways, with a ... (full story)