USD/HKD intraday : as long as 7.7822 is resistance look for 7.7691

Our pivot point is at 7.7822.

Our preference: as long as 7.7822 is resistance look for 7.7691

Alternative scenario: above 7.7822, look for 7.7872 and 7.7902.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (7.7773) but below its 50 period moving average (7.7787).

Supports and resistances:

7.7902 **

7.7872 *

7.7822 **

7.7803

7.7779 last

7.7720

7.7691 **