Daily HFT Trade Setup - AUD/USD at HFT selling zone!
|We are analyzing the trading activity of HFT algorithms this morning and have noticed that the AUDUSD currency pair has already reached the light HFT selling pressure zone that is noted at 0.7198 and above.
Several bullish attempts have already been rejected here which suggests the pair has met strong resistance in this area around the 0.7200 round number level. Therefore, interesting bearish trading opportunities could be provided from current levels today, though traders should be aware of the Fed meeting which will take place later today and is a big risk event in the Forex market.
Nonetheless, in the bearish scenario, the light HFT buying pressure zone that is noted at 0.716 and below would probably be reached and offer good price levels to place profit targets.
AUDUSD Current Trading Positions
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