Daily HFT Trade Setup – AUDUSD Is Now Testing the HFT Buying Zone
We are analyzing the activity of high-frequency trading algorithms this morning and find that the AUDUSD currency pair is trading at attractive prices to consider long positions.
For instance, AUDUSD reached the light HFT buying pressure zone, which is located today at 0.7734 and below. The price reacted well here, AUDUSD bounced quickly after piercing the area, and we may now even get a bullish signal on the hourly chart.
The advanced FxTR overbought/oversold indicator has also entered the oversold territory, which is another factor playing in favor of a bounce or a rally from here. To the top side, the light HFT selling pressure zone is found at 0.7811 and above.