USD/HKD may rise 39 - 55 pips

Our pivot point is at 7.8071.

Our preference

Rebound towards 7.8151.

Alternative scenario

The downside breakout of 7.8071 would call for 7.8044 and 7.8028.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 7.8097 and 7.8099).

Supports and resistances

7.8183 **

7.8167 *

7.8151 **

7.8135

7.8096 last

7.8082

7.8071 **

7.8044 *

7.8028 **

Number of asterisks represents the strength of support and resistance levels.