The activity of HFT algorithms in the Fx market this morning shows that the USDCAD pair could soon reach the light HFT buying pressure zone, which is located at 1.2838 and below.
Fx traders will be watching for potential bullish setups in the HFT zone, where USDCAD could reverse. Other indicators, like the FxTR overbought/oversold indicator, may confirm potential reversal signals here.
To the upside, the light HFT selling pressure zone that is located at 1.2916 and above.
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