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The activity of HFT algorithms in the Fx market this morning shows that the NZDUSD pair could offer trading opportunities from the short side in today's session.
Namely, NZDUSD is trading in a range so far today, aside from some higher volatility around the RBNZ meeting overnight. Nonetheless, the pair has remained mostly in a range and is now rising toward the light HFT selling pressure zone located at 0.6149 and above. Traders will watch this zone for potential reversal signals that could bring about attractive bearish trading setups.
To the downside, the light HFT buying pressure zone is located at 0.6103 and below.
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