Daily HFT Trade Setup – USDCAD Trading Between HFT Sell & Buy Zones
The analysis of the activity high frequency trading algorithms' today shows that the USDCAD is stabilizing after the recent bounce higher.
Namely, USDCAD is currently trading between the two light HFT zones, which are located at the following levels for today's session:
- light HFT selling pressure zone at 1.2165 and above
- light HFT buying pressure zone at 1.2076 and below
Fx traders may look to take potential contrarian trades at either one of these zones. The recent bounce around the 1.20 technical area on larger timeframes suggests bullish setups inside the HFT buy zone may have a better to work compared to bearish setups at the HFT sell zone.
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