USD/HKD intraday : the upside prevails as long as 7.8361 is support

Our pivot point is at 7.8361.

Our preference: the upside prevails as long as 7.8361 is support

Alternative scenario: below 7.8361, expect 7.8328 and 7.8309.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.8383 and 7.8383).

Supports and resistances:

7.8487 **

7.8468 *

7.8449 **

7.8429

7.8390 last

7.8373

7.8361 **