The EUR/AUD has been bearish since February where it fell from a high on the year near 1.6250. It cracked 1.46 and even reached below 1.45 briefly in February before consolidating as we can see in the 4H chart.EUR/AUD 4H Chart 4/7(click to enlarge)After the multi-week consolidation, EUR/AUD started to drift upwards. Bullish Signals:1) In April it was able to break above the consolidation range. 2) Yesterday (4/6), price pulled back and was able to hold above the broken range. 3) The market treated the cluster of moving averages as support after price crossed above them. This is a bullish sling shot signal.4) The RSI tagged 70 showing ability to establish bullish momentum. The 1.53 and 1.54 resistance pivots seem to be viable targets in the short to medium-term (next couple of weeks or a month), with the current high at 1.5150 as a conservative short-term bullish target. Let's get more confirmation of a bullish trend before adding to the bullish target.