Analysis of HFT algorithms this morning shows that buyers are in control on the USD/CHF currency pair, thus bullish opportunities could provide profitable trades in today's session.
The short-term trend on USD/CHF is clearly up, as is evident from the hourly chart below. Our advanced RSI trend indicator also confirms this and remains bullish currently.
The light HFT selling pressure zone is noted at 0.998 and above for today's session. It is an area that is likely to be reached but also an area where more sellers may start to appear.
The medium HFT selling pressure zone is noted at 1.0044 and above, where stronger selling forces are likely to be present.
To the downside, the light HFT buying pressure zone, noted at 0.9915 and below, should stop potential bearish attempts.
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