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The analysis of HFT algorithms today shows that the USDCHF pair is consolidating between the two nearest HFT price zones, after being in a relatively stable downtrend in the previous days.
The two HFT zones are located at the following levels for today's day-trading session:
- light HFT buying pressure zone at 0.8925 and below.
- light HFT selling pressure zone at 0.8969 and above.
Fx traders will look forward to one of the HFT zones being reached later today, which could offer potentially attractive trade setups.
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