Daily HFT Trade Setup – USDCAD About to Hit HFT Buy Zone

 
 
 
 
 
 
 

The USDCAD currency pair is falling for most of the session, and high frequency trading algorithms this morning show that it can soon reach the light HFT buying pressure zone that is found at 1.2631 and below.

Our advanced overbought/oversold indicator is also showing that USDCAD is entering the oversold area on the hourly timeframe.

To the upside, the light HFT selling pressure zone is located at 1.2714 and above.

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