EUR/AUD has been in a bullish drive in the second half of December since bouncing off of a consolidation range support. EUR/AUD Daily Chart 12/27(click to enlarge)Cracking Resistance:- The EUR/AUD's rally from range support was a sharp one. The strength of this attack suggests it might push through resistance.- So far, price has already cracked the range resistance and barely contained by a falling trendline resistance.- A break above 1.46 would clear the resistance factors and open up at least the 1.48 area. 1.4450:- In the short-term, the 1.4450 is a key support.- A failure to push above 1.46 followed by a break below 1.4450 would keep the bullish outlook on the shelf.- On the other hand, the ability to hold above 1.4450 gives me confidence towards the bullish breakout and eventual test of the 1.48 handle .