Daily HFT Trade Setup – USDCHF Falls After Touching HFT Sell Zone
Today's activity of Forex HFT algorithms shows that USDCHF is declining following a reversal at the light HFT selling pressure zone, found at 0.9302 and above for the current trading session.
USDCHF reversed down after just touching the HFT zone in the early European morning and is now challenging an intraday support line. A break down here should clear the road for further declines, likely leading toward the light HFT buying pressure zone, which is located today at 0.9261 and below.
Last week's lows are also in this area (around 0.9250) and will add more horizontal support at this juncture.