High frequency trading algorithms' activity in today's Fx session indicates that the USDCAD could rebound from current levels.
For instance, USDCAD has now entered the light HFT buying pressure zone that is located at 1.2677 and below. The price already reacted here as more buyers entered the market at this area. A more convincing bullish reversal signal may encourage more buyers to enter, which could push USDCAD further up.
The light HFT selling pressure zone is located today at 1.2735 and above.
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