FX Trading Revolution Team
FX Trading Revolution
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 Current Trading Positions
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