USD/HKD intraday: as long as 7.7703 is support look for 7.7773

7.7703 is our pivot point.

Our preference: as long as 7.7703 is support look for 7.7773.

Alternative scenario: the downside breakout of 7.7703 would call for 7.7680 and 7.7667.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (7.7732) but above its 50 period moving average (7.7719).

Supports and resistances:

7.7799 **

7.7786 *

7.7773 **

7.7759

7.7727 last

7.7711

7.7703 **