We are analyzing the activity of HFT algorithms today and note that the USDCHF pair could provide attractive trade setups from the long side.
The price is falling for most of today's session and is set to soon reach the light HFT buying pressure zone, which is situated at 0.9271 and below.
Several lows from the past days in this area strengthen the bullish case as they would provide technical support and help to attract additional buyers.
On the Fx calendar, traders will watch the US CPI inflation release at 14:30 CET, which could be cause for volatility in USDCHF and push this trade up.
The light HFT selling pressure zone is located at 0.9327 and above.
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