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USD/HKD ST: the downside prevails as long as 7.7513 is resistance

    Trading Central 2020-09-15 17:05:06

    7.7513 is our pivot point.

    Our preference: the downside prevails as long as 7.7513 is resistance.

    Alternative scenario: the upside breakout of 7.7513, would call for 7.7529 and 7.7538.

    Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7.7500 and 7.7504).

    Supports and resistances:

    7.7538 **

    7.7529 *

    7.7513 **

    7.7507

    7.7499 last

    7.7477

    7.7468 **

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