We are analyzing the behavior of high-frequency trading algorithms in the Forex market today and note that the USDCHF pair has reached the light HFT selling pressure zone, found at 0.973 and above.
The pair is now falling on intraday timeframes, and the FxTR Master MACD indicator is showing the trend is bearish on the hourly timeframe.
To the downside, the area of interest is the light HFT buying pressure zone, which stands today at 0.9693 and below. Buyers could also enter at the lows around the 0.9700 round number level.
Go to the news source: USD/CHF moving lower after testing HFT selling zone!