USD/CHF Rising From HFT Buy Zone!
|We are analyzing the activity of HFT Forex algorithms today and note that the USDCHF currency pair is showing bullish signs at an HFT buy zone.
Namely, USDCHF made two separate bearish attempts earlier in today's session, but both were rejected at the light HFT buying pressure zone that is noted at 0.9691 and below.
This second bounce combined by confirmation by technical indicators on the intraday charts will be a solid bullish signal that is likely to attract buyers in this area.
Thus, USDCHF bulls would be looking for higher levels today. The light HFT selling pressure zone - noted at 0.9724 and above - is a potential area that the pair may reach later today.
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