Daily HFT Trade Setup – AUDUSD Tests HFT Sell Zone and Returns in Range
The analysis of HFT algorithms in the Fx market this morning shows that the AUDUSD pair has reached the light HFT selling pressure zone that is located today at 0.7535 and above.
AUDUSD then declined off the HFT area and returned back inside its range that has been in place since Friday. It's a tight horizontal range with the lows near 0,75 and the highs near 0.7530. The light HFT buying pressure zone today is located at 0.7493 and below.
So, the HFT zones are roughly concurring with the established trading range, and this means that reverse-trading positions can be attractive at these levels.