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The analysis of the activity of Fx HFT algorithms this morning shows that the AUDUSD may offer short trade setups in the day-trading session ahead of us.
AUDUSD reached the light HFT selling pressure zone a few hours ago, which is located at 0.7663 and above. The price is reacting well here, with some reversal signals already showing up on the hourly chart. Namely, the advanced FxTR Divergence indicator is signaling that bearish divergence exists at current levels.
If AUDUSD reverses soon, bearish traders may target the first support to the downside around the 0.7650 round number. Further lower as a potential next target, the light HFT buying pressure zone is located today at 0.7599 and below.
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