Analysis of the activity of HFT algorithms in the Forex market shows that the AUDUSD currency pair has already reached the light HFT buying pressure zone which is today noted at 0.6949 and below.

Therefore, potential bullish opportunities may exist today on this pair. In addition, trend indicators such as the Master MACD and the FxTR CCI are already showing bullish signs too which confirms that AUDUSD may be ready to take a bullish push higher.

The price action stabilized around the 0.6950 level yesterday after a protracted period of decline. Today it is bouncing from slightly lower levels around 0.6945, but the overall support here is holding with bullish patterns rejecting lower levels below 0.6945.

In the bullish scenario, AUDUSD can offer trading opportunities toward the light HFT selling pressure zone which is noted at 0.6969 and above.

AUDUSD

 

 

AUDUSD Current Trading Positions

Sell 27%
Buy 73%
100.0%27.0%02030405060708090100
Avg Sell Price 0.6978
Avg Buy Price 0.6954
Liquidity Distribution
0.68250.69740.7240SellBuy

 


 

Your Revolutionary Forex Source

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

EUR/USD hits three-month highs above 1.1150 amid relentless USD selling

EUR/USD extends the advance above 1.1150, hitting fresh three-month highs amid relentless US dollar selling and the upbeat market mood. The focus remains on the Eurozone/ US PMIs.

EUR/USD News

GBP/USD regains 1.2400 ahead of UK Manufacturing PMI

GBP/USD climbs back above 1.2400 as the US dollar sees a fresh leg lower in early Europe. Calls of further help to British employees add to the upside momentum. The UK/US PMIs eyed ahead of Tuesday's Brexit talks. 

GBP/USD News

FX Today: USD hit by escalating US riots, risk-on mood; US ISM PMI eyed amid light trading

The US dollar took a beating across the board starting out a new month/ week, as markets breathed a sigh of relief on the US’ softer stance on China. The dollar weakness was also backed by the escalating riots in the US cities, with curfews imposed on major cities. 

Read more

Gold: Teasing a rectangle breakout, $1750 in sight

Gold bulls gathering pace for the next push higher. The extension of last week’s rally in the yellow metal is mainly driven by the sell-off in the US dollar across the board, in the wake of US-China trade war relief and escalating US riots.

Gold News

WTI: Overbought RSI challenges the bulls above $35.50

WTI seesaws around 7-week-old resistance line, retreats from highest since March 11. A short-term ascending trend line on the bears’ radars during the pullback. 100-day SMA, 61.8% Fibonacci retracement together offers strong upside barrier.

Oil News

Forex Majors

Cryptocurrencies

Signatures