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

 


 

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