NZD/USD turns lower from HFT selling zone

FX Trading Revolution Team FX Trading Revolution

We are analyzing the activity of high-frequency trading algorithms this morning and find that the NZDUSD pair looks poised to proceed lower later in the trading session.

NZDUSD already reached the light HFT selling pressure zone - that is noted at 0.6692 and above - and got rejected there. The price reacted well, with the bears taking control and reversing the bullish attempt.

NZDUSD has already started to move lower after this. The light HFT buying pressure zone is standing at 0.6665 and below for the current trading day, and is a potential area that Fx traders will target to the downside.

NZD/USD Current Trading Positions

Sell 50%

Buy 50%

Avg Sell Price 0.6596

Avg Buy Price 0.6600

Liquidity Distribution

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FX Trading Revolution Team

FX Trading Revolution

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