Daily HFT Trade Setup – AUDNZD Is Entering the HFT Selling Pressure Zone

We are analyzing the activity of HFT algorithms in the Fx market this morning and find that the AUDNZD pair has just reached the light HFT selling pressure zone that is located at 1.0638 and above.

The recovery in the AUDNZD exchange rate comes after a recent sell-off, what was a steady downtrend on intraday charts. The HFT sell zone is an area where sellers are likely to find interest in entering the market.

Our advanced FxTR overbought/oversold indicator also shows that AUDNZD has reached overbought levels on the hourly timeframe (see chart below).

AUDNZD bears may aim for the light HFT buying pressure zone today that is located at 1.0582 and below.

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