We are analyzing the activity of HFT algorithms in the Forex market today and have noticed that interesting trading opportunities from the bearish side may appear on the AUDUSD currency pair.

AUDUSD has reached the light HFT selling pressure zone today, noted at 0.6881 and above. The bullish attempt was strongly rejected at this area which additionally coincides with the upper end of a rising channel around the 0.6885 price zone, as shown on the chart below. The pair is now falling - exiting the light HFT selling pressure zone.

Furthermore, AUDUSD has reached overbought levels on the hourly timeframe, as indicated by our advanced overbought/oversold indicator. Overbought levels often lead to corrections and even full bearish reversals.

And, the move may have already started to unfold as we can also see that the FxTR improved CCI indicator has now turned bearish. If the bearish move continues, then traders will target the lower bound of the channel we mentioned earlier, around the 0.6860 level today. Below it, the light HFT buying pressure zone, noted at 0.6845 and below will be the next bearish area to target.

AUDUSD

 

AUDUSD Current Trading Positions

Sell 47%
Buy 53%
100.0%47.0%04550556065707580859095100105
Avg Sell Price 0.6770
Avg Buy Price 0.6803
Liquidity Distribution
0.65910.67950.7015SellBuy

 


 

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

Latest Forex Analysis

Editors’ Picks

EUR/USD settles at 1.1050 on ECB, virus outbreak

The EUR/USD pair settled at its lowest for this 2020 after the European Central Bank announced a strategic review on inflation policy. Chinese coronavirus spreading abroad.

EUR/USD News

AUD/USD challenging weekly lows

The Aussie remains on the back-foot as the economy lost full-time jobs in December, while risk-aversion adds to the bearish case. Speculation mounts on an RBA rate cut next February.

AUD/USD News

Crypto Today: Bitcoin bears force critical

BTC/USD is currently trading at $8,400 (-3.40%) in the afternoon in U.S. hours, as markets bears break critical $8500 price mark, allowing for a wave of further downside pressure. 

Read more

XAU/USD bulls challenging 1573 resistance level

XAU/USD is trading in a bull trend above its main daily simple moving averages (SMAs). After rejecting the 1600 figure earlier in January, the metal has been consolidating near the $1560 per troy ounce.

Gold News

USD/JPY falls to fresh lows, correcting on WHO statement

USD/JPY has tumbled to print fresh lows since failing on the 110 handle, scoring 109.26 and meeting the 200-moving average on the four-hour chart.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures