The euro is the top performer today and the Australian dollar is the laggard once again.
EUR/AUD has ripped higher for 5 days in a row after plunging to the lowest since June. That kind of spike-reversal is one of the strongest signals in markets and today’s rally breaks the downtrend since May and the 55-day moving average.
EURAUD daily
The Australian dollar is an absolute mess right now. I wrote yesterday about the sell signal in AUD/USD after the jobs report.
