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This morning, we are analyzing HFT algorithms in the Fx market and find that the USDCHF pair could provide attractive trade opportunities from the long side.
Namely, USDCHF is gradually moving lower and is coming close to the light HFT buying pressure zone, which is located today at 0.926 and below.
Buy orders are likely to be waiting in this HFT area and could potentially fuel a bounce and a reversal of the downward retracement.
Otherwise, the recent trend in USDCHF was strongly bullish, which is another supportive factor for the bulls here.
On the upside, the light HFT selling pressure zone is located today at 0.9314 and above.
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