– Tuesday saw lower overall volumes, but activity is still above the average level of the past twelve months.
– CAD attracted the most interest yesterday as recent buying continued.
– The increase in volumes in EUR/CAD, following Monday’s downside range break, signals that investors have a growing appetite to sell.
– AUD/USD is seeing a decline in average volumes (20-day). As interest in buying this pair appears to be diminishing, we are wary of topping risk.
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Barclays