Daily HFT Trade Setup – USDCHF Critical Test of HFT Sell Zone
The analysis of Forex HFT algorithms for the current session shows that the USDCHF pair is testing critical price levels at the light HFT selling pressure zone that is located today at 0.9207 and above.
The 0.92 round number level by itself will attract attention and is important from a traders' perspective as very often, institutional traders place orders around such levels. Additional resistance is seen some 20 pips up, around the prior highs.
The light HFT buying pressure zone is noted today at 0.916 and below. It would come into focus e.g., under a bearish scenario if USDCHF reverses around the current levels at the HFT sell zone.
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