EUR/AUD is bumping up against a trendline in place since May of last year at 1.3652 level this morning.
A break above that downtrend could put stops in AUD/USD below the 0.9800 level in peril.
AUD/USD has been hit heavily during US trade as fears of a Chinese inflation clampdown send jitters through the longs. The 100-day moving average comes in at 0.9804 today.
