1.  EUR/USD (Euro/US Dollar): This is the most traded currency pair globally, as it represents the world's two largest economies. The pair experiences high volatility and liquidity, making it attractive to traders.
    
2.  USD/JPY (US Dollar/Japanese Yen): This pair represents the US and Japanese economies, and it is the second most traded currency pair. The Japanese Yen is a safe-haven currency, so the pair often experiences significant price movements during periods of economic uncertainty.
    
3.  GBP/USD (British Pound/US Dollar): Known as "Cable," this pair represents the economies of the United Kingdom and the United States. It is one of the oldest traded pairs and is popular among traders due to its high liquidity and relatively stable price action.
    
4.  USD/CAD (US Dollar/Canadian Dollar): This currency pair represents the US and Canadian economies, with the Canadian Dollar being heavily influenced by the country's commodity-driven economy. The pair experiences relatively high volatility and liquidity, making it popular among traders.
    
5.  AUD/USD (Australian Dollar/US Dollar): This pair is heavily influenced by commodity prices, particularly gold, as Australia is a major exporter of the precious metal. The AUD/USD pair is popular among traders due to its high liquidity and strong price action.
    
6.  USD/CHF (US Dollar/Swiss Franc): This pair represents the US and Swiss economies, with the Swiss Franc being a safe-haven currency. The pair is popular among traders due to its relatively stable price action and liquidity.
    
7.  NZD/USD (New Zealand Dollar/US Dollar): This pair represents the economies of New Zealand and the United States, with the New Zealand Dollar being heavily influenced by the country's agricultural exports. The pair has high liquidity and is popular among traders due to its strong price action.
    

These are the most heavily traded forex pairs, but other pairs involving major currencies and emerging market currencies can also experience significant price action and volume. It is important to note that market conditions and rankings can change over time, so it's essential to stay updated on the latest market news and trends.

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