7647152 7/13/2017 6:21 PM, USD/HKD intraday: technical rebound towards 7.8122 before a new drop


Our pivot point is at 7.8122.


Our preference

: technical rebound towards 7.8122 before a new drop.


Alternative scenario

: above 7.8122, look for 7.8147 and 7.8161.


Comment

: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair stands above its 20 MA (7.8094) but below its 50 MA (7.8104).


Supports and resistances

:

7.8161 **

7.8147 *

7.8122 **

7.8112

7.8101 last

7.8068

7.8054 **

7.8039 *

7.8025 **