USD/HKD 1H Chart: Channel Down

Just recently the price tested the upper trend-line, when it was near the daily pivot point at 7.76, and is now headed towards the support at 7.7560, where we may expect a bullish correction to emerge.  However, most of the SWFX market participants believe it is the U.S. Dollar that is going to outperform—at the moment 67% of open positions are long, although the technical indicators are currently mixed.