Daily HFT Trade Setup – USDCHF Contained Between HFT Buy & Sell Zones ahead of US CPI Release

We are analyzing the Fx market this morning and note that the USDCHF currency pair is currently consolidating between the two light HFT zones ahead of the key US CPI inflation release later today.

The CPI report is closely watched by traders and will likely jolt the Fx market as US inflation is expected to record another hot figure (estimate is 7% y/y).

Day traders will be looking for potential setups around the two earlier-mentioned HFT zones, which are located today as follows:

• the light HFT selling pressure zone at 0.9262 and above. 
• the light HFT buying pressure zone at 0.9214 and below. 

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