We are analyzing the USDCHF currency pair this morning and the activity of HFT Algorithms, which reveals that day-traders may find interesting trades from the long (BUY) side on this pair today.
USDCHF has already reached the light HFT buying pressure zone, noted at 0.9736 and below. The prior low at 0.9720 is providing intraday support in addition, increasing the chances of buyers to enter the market here.
Nonetheless, for the moment, there is no clear bullish signal here on the 1-hour USDCHF timeframe. To the upside, traders will be looking toward the light HFT selling pressure zone - noted at 0.9816 and above, where the 0.9820-0.9830 resistance highs also stand.
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