• Although CAD is ranked relatively low in the G10 currency rankings, the volume has been on the rise over the past few weeks, and price is holding above previous peaks near 1.0350: this is ultimately bullish.
• EUR crosses are sidelined as they post the lowest volume below their 1-week averages.
• The CHF has topped the rankings though for the time being, both EUR/CHF and USD/CHF are range bound and follow through for a weaker CHF is not yet assured.
• AUD remains weak on strong volume, particularly against the EUR.
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Barclays