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Have decided to add Observation on HKD, just before GDP
Sincerely
Sincerely
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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 …
USD/HKD Stays in the Range
This is my point of view what is going to happen in 6 weeks on USD/HKDThis pair stays in a nice range for 4 weeks. It is not overly volatile and I think it going to stay that way.The trend is to the upside and so if it stays in the range it should end up at resistance. That is whyI think 7.7640 is a good place to start this new contest. Weekly
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