AUD/NZD Getting To The HFT Sell Zone!
|The analysis of the activity of HFT algorithms on the AUDNZD pair this morning shows that the price is testing the light HFT selling pressure zone, which is today noted at 1.0455 and above.
AUDNZD is also rising at a steady pace in the past 2 - 3 days, forming an ascending channel. Bears will be looking for this channel to break to the downside as a signal to sell, now that AUDNZD has reached the light HFT selling pressure zone.
The light HFT buying pressure zone is noted today at 1.0412 and below.
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