| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/HKD exchange rate continued to trade within the medium-term ascending channel. Currently, the rate is testing the resistance level formed by the monthly R1 at 7.8445.
Note, that the currency pair is also pressured by the 2018/2019 maximum at the 7.8500 mark. If the given level holds, it is likely, that a breakout south from the given channel could occur within the following trading sessions. In this case, the pair could gain support of the monthly S1 at 7.7977.
However, if the given channel holds, it is likely, that the US Dollar could continue to appreciate against the Hong Kong Dollar in the nearest future. The rate could reach the resistance level—the monthly R2, located at the 7.8604 mark.