– Activity in each of the G10 currencies was above the average of the last 12 months.
– A basing signal in NOK/SEK attracted a surge of activity that stems the decreasing volume down-move of the past two weeks.
– Recent bullish moves for AUD versus USD, EUR and NZD have been on falling volumes, as investors show signs of losing interest in the moves.
– EUR/CAD has seen volumes increase with recent lower closes and this points to a likely test of the lows.
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Barclays