• An above 90th percentile day for NZD helped keep overall volumes above average for the past 12 months.
• The week-long rise in EUR/USD has attracted declining daily volumes. This signals a lack of investor interest at higher levels and ties in with our view to sell into strength.
• AUD/USD price action has been choppy over the past week. That down-days have attracted higher volumes than up-days points to ongoing appetite to sell AUD.
• Low NOK volumes suggest ongoing range trade in the near term.
Read the full report: Technical Research
Barclays