Still looking for a trend to trade? EUR/AUD has been making lower highs and lower lows since turning lower from the 1.6850 resistance! In case you were too busy looking at other currencies, you should know that the Australian dollar accelerated its gains against its major counterparts after the Reserve Bank of Australia (RBA)’s latest meeting minutes hinted that the last rate hike happened partly to prevent a “larger” response in the future. So much for hopes of a dovish hike! It also helped the Aussie that RBA Governor Bullock has been sharing hawkish remarks AND that China - Australia’s largest trading partner - is stepping up its stimulus efforts to support its equities market, currency, and construction industry.