– Overall volumes returned to average levels, lead by an increase in activity for CAD.
– Volumes in USD/CAD are increasing by the day as investors show appetite to continue buying CAD.
– The high volume reversal day that we have been looking for in EUR/SEK emerged on Monday. Twice Friday’s volume along with a key bearish reversal signals a top.
– Declining volumes in EUR/USD are similar to those seen recently in EUR/SEK. Again we are looking for a high volume reversal day to confirm a top.
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Barclays Capital