FX Technical Volume Strategy: NZD/USD sellers emerge

– Increased volumes are being maintained at above median levels for the past 12-months as investor activity grows after recent ECB and FOMC announcements.

– NZD/USD shows topping signs as bearish trading activity on Friday saw an increase in volumes. Sellers managed to force the price lower into the close.

– JPY was the standout currency at the end of the week as high volumes endorsed the sell-off against all of its G10 peers.

– Increasing volumes in EUR/USD back the rising trend.

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Barclays Capital