Sign In with Google
Sign In with Facebook
The activity of HFT algorithms in the Fx market shows that the AUDUSD pair may have reached the high for the day.
Namely, AUDUSD earlier this morning entered the light HFT selling pressure zone is located today at 0.7358 and above. However, the price reaction was strong there and the bullish attempt was strongly reversed.
AUDUSD is now trading down from the light HFT sell zone and looks poised for further losses. A break below the prior swing low at 0.7342 may encourage more sellers to enter the market with short positions.
To the downside, the light HFT buying pressure zone that is located at 0.7286 and below.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
