At breakout point, will the bulls succeed?

The AUD/USD pair now testing the resistance along the upper trendline for a potential breakout higher. The weekly candlestick is yet to close above the trendline, but a strong close would certainly increase the possibility of this breakout attempt. Currently, the Australian dollar is trading at around A$0.6737 against the US dollar. A confirmed breakout would allow the bulls to then target the resistance of A$0.6871, as a move above this level could be the start of a new rally for the Aussie, taking some strength away from USD. However, failure of this breakout attempt would incentivise the bears to resume the selling pressure on this pair. This may see the Aussie retrace back to trendline support and remain within this triangle pattern. The key level here that bulls need to uphold is the level of A$0.6575 (June low). We can see that the technical indicators currently favour the bulls, with the MACD positive and the RSI reading 58. However, as seen in the past (Dec/Jan), reversals can occur swiftly.