Daily FX Volume and Technical Strategy: An early warning for returning USD strength

Despite a ranging environment this quarter, the aggressive bullish move for the USD against the AUD earlier this year remains an important market focus. The AUD/USD bounce in September is running out of steam given a Bearish Reversal posted yesterday. Given that the AUD/USD bounce initially resulted in weakening USD sentiment across several currency pairs, we view such price action as a potential early warning of returning USD strength.

Read the full report: Technical Research

 

Barclays