13 August 2022

HSI rebound

As recent as only a week or two ago, HKD is tightly weaved to the uppermost bound of 7.85+/- a few 0.001 points.

This weekend, it's suddenly moved to 7.834/7.839.

The USDHKD rate is a sound indicator of HSI direction at least for the short term.

How high is it going to go though?
HSI can easily has a ride of 1500/2000 points rebound from the recent low of 19500.

There's still a catch, USDHKD rate must stay at or be better than today's rate.

So you have 1000/1500 points ahead, good luck.

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