• Volumes were relatively high on Monday with activity in the USD pushing the greenback to the top of the G10 rankings.
• Over the past month, gains in USD/CHF have attracted activity, while declines have seen falling volumes. This suggests investors being better buyers than sellers.
• Commodity currencies such as AUD/USD, NZD/USD and USD/CAD saw a drop in volumes as the USD weakened, which implies that the moves are corrective.
• A rise in activity endorses SEK strength against EUR and USD.
Read full report: Technical Research
Barclays