We are analysing high frequency trading algorithms in the Fx market this morning and find that the AUDUSD currency pair may provide trade setups from the long side.
AUDUSD has already reached and tested the light HFT buying pressure zone that is located for this session at 0.7713 and below. The pair is now consolidating at this HFT buy zone, with some bullish signs emerging. In addition to the several rejections of lower levels, the FxTR Master MACD indicator has now turned bullish on the hourly chart also.