Notwithstanding that since the very end of 2013 the currency pair has been trading close to the pattern's support line, USD/HKD is not likely to break out of the pattern given a strong support level represented by its 200-bar SMA that meanders near the pattern's lower boundary. At the same time, the upside also may be constrained by the 50-bar SMA that has been preventing a climb for several days already.