FX Technical Volume Strategy: Investors endorse the USD/CAD rally

· Post FOMC activity saw a jump in overall volumes as investors moved to broadly buy the USD. 

· USD/CAD activity increased as investors demonstrate an ongoing preference to buy this pair.

· NOK registered a top ten day for activity over the past twelve months as investors sold the Scandinavian unit against both the USD and EUR.

· Activity in EUR/USD and USD/JPY increased to signal that investors are committing to USD strength.

Read the full report: Technical Research

 

Barclays