EurAud with 1.52 in sight

In my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher.
Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a bullish engulfing on our daily chart.
This for me is an indication that bulls took control and the pair has now a clear way to challenge next important resistance above 1.52.
1.4750-1.48 is now support zone and dips towards this zone should be bought.
As I said, the target can be 1.52 and negation comes with a daily close under this week's low.

Best regards!

Mihai Iacob