– Not only is volume rising along with price in April, NZD/USD also posted its 6th strongest volume seen over the past year which is encouraging for the bulls.
– Although cable stays buoyant, the volume ranking is low suggesting a lack of investor interest in the ongoing bounce (gains are likely corrective).
– EUR/USD volume was also relatively high suggesting an ongoing squeeze in short positions.
– Volume for JPY drops in rankings as USD/JPY stays capped by 100.00
Click here to read the full report: Technical Research
Barclays