– Daily volumes remained elevated yesterday with JPY and AUD continuing to attract interest.
– NZD/USD investors rejected an attempt to move back into the Aug/Sep range.
– Volumes doubled in comparison to the previous day as buyers drove the price back toward the high of the day and further strength is now expected. USD/CAD saw an increase in volume on a bearish daily “star” candle.
– Investors are selling into upticks. Volume continues to rise with the EUR/USD correction – no signs of a base yet.
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Barclays Capital