Daily HFT Trade Setup – AUDUSD Nears HFT Buy Zone
The analysis of the activity of high frequency Fx trading algorithms shows that the AUDUSD currency pair may provide potential trade setups from the long side for today's day-trading session.
Namely, AUDUSD is gradually declining so far today and is nearing the light HFT buying pressure zone is noted today at 0.7333 and below.
Traders will be looking for potential bullish reversal setups if and when AUDUSD reached the HFT buy zone.
The multiple lows from recent days in the same area will also provide support for a bounce in such a case.
The light HFT selling pressure zone is located today at 0.7385 and above.
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