We are analyzing the activity of HFT algorithms in the Fx market this morning and note that potential bullish setups could be created on the USDCAD pair.
Namely, USDCAD has already reached the light HFT buying pressure zone today, which is located at 1.2722 and below. The price is already reacting here, although not hugely for the moment. A more convincing bullish signal here could incentivise more buyers to enter the market
To the top side, the light HFT selling pressure zone is noted for today's session at 1.2806 and above.
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