The USDHKD pair has been giving us excellent trades in the past 12 months and the latest (April 18, see chart below) almost hit our 7.79500 Target about 3 weeks ago:

USDHKD Approaching the 2-year Resistance Zone. Major Sell.


With the price approaching yet again the 11-month Support Zone, there is no reason to diverge from this successful pattern. Right now by being so close to the Support Zone, the R/R ratio favors buying towards the Resistance Zone.

Our Target will be slightly lower at 7.83900 (April 08 High).

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