AUD/USD tests HFT buying and selling zones!
|We are analyzing HFT Algorithms behavior on the AUDUSD currency pair this Tuesday morning session and note that the pair may continue to descend lower from current levels.
During the Asian overnight session, AUDUSD tested the light HFT buying pressure zone - noted at 0.6122 and below - where the bearish move was rejected.
Then, AUDUSD moved higher to reach the light HFT selling pressure zone as well, which is noted at 0.6194 and above. The bullish attempt here was also rejected in the early European session, and the pair is now moving down again
A second attempt on the light HFT buying pressure zone looks likely, and possibly the price may form another bottom in this area today.
AUD/USD Current Trading Positions
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