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Daily HFT Trade Setup – USDCAD Contained in a Range Between HFT Buy & Sell Zones

Author: David Meadows
Daily HFT Trade Setup – USDCAD Contained in a Range Between HFT Buy & Sell Zones

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.

Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)

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