Daily HFT Trade Setup – NZDUSD Trading Inside HFT Sell Zone

 
 
 
 
 
 
 

The analysis of HFT algorithms today shows that the NZDUSD pair is trading near Friday's highs and has now also entered the light HFT selling pressure zone that is located at 0.6958 and above.

Bearish forces are likely to exert a stronger push down here inside the HFT sell zone and at this technical resistance.

For now, the bulls are still pushing the price higher, and a reliable bearish signal hasn't appeared yet. However, if or when that happens, NZDUSD could start falling and potentially give us some attractive setups to short the market.

The light HFT buying pressure zone is located today at 0.6907 and below.

Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)