FX Technical Volume Strategy: AUD/NZD activity rises on down break

– CHF topped the G10 ranking table as investors increased selling activity of the Swiss currency.
– AUD/NZD broke range lows on high volume, signalling that investor expectation for further AUD underperformance has returned.
– A rise in volumes accompanied topping candles in EUR/NOK and USD/NOK, warning of an interim dip in the bull move.
– Low levels of activity in JPY crosses (lowest volumes below one week average) reflect recent range trade. Investors’ attention is elsewhere.

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