Daily HFT Trade Setup – USDCAD Bounce at HFT Buy Zone

The activity of HFT algorithms in the Fx market today indicates potential bullish trading opportunities could exist on the USDCAD currency pair.

This morning USDCAD reached the light HFT buying pressure zone, which is seen at 1.2101 and below for the current trading session.

The activities of buyers entering the market is already evident as USDCAD is showing a bounce on the hourly chart. It remains to be seen whether this turns into something more and leads to an upside move later today.

The light HFT selling pressure zone is found today at 1.2170 and above.