USD/CAD reached the HFT buying zone

FX Trading Revolution Team FX Trading Revolution

The analysis of high-frequency trading algorithms this morning shows that the USDCAD pair reached the light HFT buying pressure zone that stands at 1.3046 and below for today's session. Buying opportunities could potentially be created here if some bullish signals or patterns appear.

The HFT buy zone is an area where more buyers are likely to enter the market. USDCAD broke below the established support zone at 1.3040 this morning. The bulls will now be looking for a reversal of this move, a break and a close back above the former 1.3040 support that would turn the technicals bullish.

The light HFT selling pressure zone today is noted at 1.3113 and above.

USD/CAD Current Trading Positions

Sell 56%

Buy 44%

Avg Sell Price 1.3061

Avg Buy Price 1.3105

Liquidity Distribution

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