Daily HFT Trade Setup - AUDUSD rebounds at HFT buy zone!

FX Trading Revolution Team FX Trading Revolution

Analysis of the trading activity of HFT algorithms in the Fx market today shows that the AUDUSD currency pair has already reached the light HFT buying pressure zone - noted at 0.7266 and below.

The pair is also trading inside of a descending channel (as can be seen from the chart) which currently provides support around the 0.7250 lows while resistance stands around the 0.7275 level.

The improved FxTR Rsi indicator is still showing the trend as bearish, but the faster Master MACD has already turned bullish. A bullish breakout above the descending channel would confirm the change in trend and will open the way for buying opportunities.

Targets can be placed toward the light HFT selling pressure zone that is noted at 0.7307 and above.

AUDUSD Current Trading Positions

Sell 36%

Buy 64%

Avg Sell Price 0.7218

Avg Buy Price 0.7177

Liquidity Distribution

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