Open trading account - Charts: 4 H,1 Day
- Elements used: CCI , Support & Resistance
- Current Level : 0.7842
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CAD/CHF- Loonie recovering !
USDHKD analysis
The Hong Kong dollar has had a history of being a very manipulated currency with only a short period in the late 70's to early 80's where it was free-floating. However since 1983, the HKD has been pegged in one form or another to that USD at a rate of 7.80. It wasn't until 2005 that a banded region for the HKD was introduced. The range now stands at 7.75 - 7.85 and more often then not the HKMA - Hong Kong monetary authority has been protecting the appreciation of the HKD by selling at or around …