Daily HFT Trade Setup – AUDUSD Up From HFT Buy Zone
We are analyzing the activity of HFT algorithms this morning and find that the AUDUSD pair may be in for a rally today.
The pair has reached the light HFT buying pressure zone that is located at 0.772 and below, where the price rebounded and reversed the previous down move. There are emerging signs that this rebound may be more than a mere bounce. Namely, the 1-hour char Master MACD indicator has turned bullish while the rebound also occurs at a technical support area.
To the upside, Fx traders may target the light HFT selling pressure zone that is noted today at 0.7797 and above.