Daily HFT Trade Setup – NZDUSD Testing HFT Buy Zone
The activity of high frequency trading algorithms in the Fx market shows that the NZDUSD pair may provide attractive setups from the long side in the current day-trading session.
Namely, NZDUSD has now reached the light HFT buying pressure zone that is located today at 0.7021 and below.
The bulls will be looking for entries here, perhaps on some signals from bullish price action or other indicators. For example, the FxTR Master MACD plotted below the candle bars could provide this confirmation if it turns bullish here on the hourly chart.
The light HFT selling pressure zone is located today at 0.7074 and above.
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