The analysis of HFT trading algorithms in Forex this morning indicates that the AUDUSD currency pair may provide buying opportunities today.
The pair reached the light HFT buying pressure zone that is noted at 0.6887 and below. A reaction here already followed, and AUDUSD is now bouncing in this HFT area.
While no buy signal currently appears yet, the chances for that happening are higher in the HFT area. AUDUSD could form a bullish candlestick pattern or a bullish signal on some of the indicators here on the hourly chart.
To the upside, AUDUSD bulls will look for levels toward the light HFT selling pressure zone, which is noted at 0.6912 and above.
AUD/USD Current Trading Positions
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