USD/CHF Higher After Rejection At HFT Buy Zone!
|Analysis of HFT algorithms' activity on major Fx pairs this morning reveals that USDCHF may be an interesting pair to consider for potential buy trading opportunities.
The pair reached the light HFT buying pressure zone earlier this morning, which is noted at 0.9334 and below. The price reacted there well, and a couple of bearish attempts were rejected. USDCHF now looks poised to make further gains as it has formed a double bottom pattern here on the 1-hour chart.
To the upside, Forex traders will be looking at the light HFT selling pressure zone as a potential destination for USDCHF. This light HFT selling pressure zone is noted today at 0.9411 and above.
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