This morning's analysis of HFT algorithms shows bearish that bearish signals are starting to appear on the AUDUSD 1-hour timeframe.

Earlier in the session, the AUDUSD pair reached the light HFT selling pressure zone that is noted at 0.722 and above. The price reaction was strong here, and the attempt was soon reversed. At least three bearish candle formations have appeared here so far.

An additional factor playing in favor of the bears at this stage is the fact that the 1-hour AUDUSD chart is in overbought territory. Namely, the advanced and highly accurate FxTR overbought/oversold indicator confirms the overbought state here. AUDUSD is now coming down from the overbought area, a situation that is considered a reliable sell signal in technical analysis.

Traders will look for potential targets to the downside at the light HFT buying pressure zone, today noted at 0.7143 and below.



AUD/USD Current Trading Positions

Sell 78%
Buy 22%
Avg Sell Price 0.7245
Avg Buy Price 1798.0859
Liquidity Distribution


FX Trading Revolution - 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. 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 Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD recovers towards 1.1750 as risk-on rules

EUR/USD is back around 1.1750 as upbeat US data fueled equities' early rally. Concerns about economic progress remain in the background, as the pandemic keeps taking its toll. 


GBP/USD falls toward 1.30 amid a greenback comeback, UK concerns

GBP/USD has kicked off the week on the back foot, trading close to 1.30. Concerns about a lockdown in London, uncertainty about US-UK trade talks are weighing on the pound. The US dollar is gaining ground.


Gold: Interesting Fibonacci extension projects a move to $2500

Gold has risen 10.74% in the month of July, the biggest monthly increase since February 2016. As the price is breaking all-time highs it's hard to say where the yellow metal could end up.

Gold News

ETH/BTC skyrocketing, Bitcoin stays above $11,000

The cryptocurrency market is influenced by leveraged positions liquidation. Cryptocurrency experts expect further growth amid a global flight to safety assets. ETH/BTC hits the highest level since May 2019.

Read more

WTI drops below $40 on demand worries, OPEC+ output increase

Crude oil prices posted losses last week and seem to be struggling to shake off the bearish pressure on Monday. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $39.85, losing 1.5% on a daily basis.

Oil News

Forex Majors