AUD/NZD Bullish At HFT Buying Zone!
|Analysis of the activity of HFT algorithms in the Forex market indicates that the AUDNZD pair could be a good buying opportunity today.
The pair has reached the light HFT buying pressure zone that is noted at 1.0587 and below, where the price reacted strongly and AUDNZD bounced. This was followed by the Master MACD and advanced CCI turning bullish also which signals further bullish price action for this pair.
The road higher is clear of resistance until the highs at 1.0615 and the light HFT selling pressure zone - noted at 1.0626 and above.
Your Revolutionary Forex Source
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.