Daily HFT Trade Setup – USDCAD Enters HFT Buying Zone

We are analyzing the activity of HFT algorithms today and note that the USDCAD Fx pair has reached the light HFT buying pressure zone that is located today at 1.2844 and below.

Traders will thus be on the lookout for potential trade setups from the long side during the current day-trading session. For the moment, however, the bears are still in control here and USDCAD is pressing on the lows. Technical support around 1.2840 and 1.2820 may help to attract more buyers here.

The light HFT selling pressure zone is located today at 1.2943 and above.