USD/CHF is naring the HFT buy zone
|We are analyzing the USDCHF currency pair and note that it is likely to reach the light HFT buying pressure zone, noted today at 0.9388 and below.
Friday's lows at 0.9385 will provide additional technical support in this area. Furthermore, our advanced FxTR Divergence indicator has already given a bullish signal on the hourly timeframe also.
Look for further evidence of the buyers taking over control in the HFT buy area, either from the price action or other bullish signals.
The light HFT selling pressure zone today is noted at 0.9439 and above.
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