Daily HFT Trade Setup – USDCAD Moving Sideways Between HFT Sell & Buy Zones
The activity of high frequency trading algorithms this morning shows that the USDCAD pair is moving largely sideways and is contained between the two light HFT zones thus far in the session. The light HFT zones are today located at the following levels:
- the light HFT selling pressure zone, which is located at 1.2537 and above for the current session.
- the light HFT buying pressure zone is located today at 1.2502 and below.
Prior lows and highs exist in both the HFT buying as well as the HFT selling zone, respectively. Fx traders may, thus, keep looking for potential range-trading opportunities around the HFT zones if the price reaches either of them.
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