We are analyzing the activity of HFT algorithms in the Fx market this morning and note that the USDCAD pair is moving sideways in the current day-trading session.
The range is so far contained between 1.2565 and 1.2590, while the the two light HFT zones are noted at the following levels:
- light HFT buying pressure zone at 1.2548 and below.
- light HFT selling pressure zone at 1.2605 and above.
USDCAD traders may look for potential reversal setups at either the buy or the sell HFT zones.
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