Analysis of the Fx market and the activity of HFT algorithms this morning indicates that the bulls have taken over control on the USDCAD currency pair, and the bullish move there is likely to continue into the rest of today's trading session.
The pair reached the light HFT buying pressure zone earlier today, noted at 1.3237 and below. The price reversed sharply here, and USDCAD has started a strong bullish move higher from here.
The light HFT selling pressure zone for today is noted at 1.3263 and above, and it seems USDCAD bulls will be able to push the price up here.
USD/CAD Current Trading Positions
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