Daily HFT Trade Setup – USDCHF Turns Down After Reaching HFT Selling Pressure Zone
The activity of Fx HFT trading algorithms this morning shows that the USDCHF currency pair is showing bearish signs that could lead to a continuation lower.
Namely, USDCHF earlier in the morning reached the light HFT selling pressure zone that's located at 0.9054 and above.
The bullish attempt was stopped there, and USDCHF fell, reversing about half of the last bullish candle on the hourly chart.
To the downside, the light HFT buying pressure zone is located at 0.9019 and below. Slightly above it, the prior lows around 0.9032 will provide intraday support ahead of the HFT buy zone.
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