USD/CAD trading near HFT selling zone
|We are analyzing the activity of high-frequency trading algorithms in the currency market today and note that the USDCAD pair is at levels near the light HFT selling pressure zone that is noted at 1.2945 and above.
The pair has been trading mostly sideways since the open in the Asian session and hasn't reached either of the nearest HFT zones. To the downside, the light HFT buying pressure zone is today located at 1.2896 and below.
Fx traders will look for reverse trading opportunities if one of these zones is reached later today.
USD/CAD Current Trading Positions
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