Daily HFT Trade Setup - AUDUSD rebounds at HFT buy zone!
|Analysis of the trading activity of HFT algorithms in the Fx market today shows that the AUDUSD currency pair has already reached the light HFT buying pressure zone - noted at 0.7266 and below.
The pair is also trading inside of a descending channel (as can be seen from the chart) which currently provides support around the 0.7250 lows while resistance stands around the 0.7275 level.
The improved FxTR Rsi indicator is still showing the trend as bearish, but the faster Master MACD has already turned bullish. A bullish breakout above the descending channel would confirm the change in trend and will open the way for buying opportunities.
Targets can be placed toward the light HFT selling pressure zone that is noted at 0.7307 and above.
AUDUSD Current Trading Positions
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.