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The activity of HFT algorithms thus far in today's trading session shows that the USDCHF currency pair may provide opportunities to go long.
Namely, USDCHF is now trading near the light HFT buying pressure zone that is located today at 0.9527 and below. It may soon reach it, in which case stronger bullish forces may emerge as more buyers enter the market at the HFT zone.
To the upside, Fx traders will watch the light HFT selling pressure zone that is located today at 0.9605 and above.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
