Daily HFT Trade Setup – AUDUSD Consolidating at HFT Buying Zone
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.
The light HFT selling pressure zone, which bulls may use for potential upside profit targets, is located today at 0.7769 and above.