Much of China's financial interaction with the global economy is through Hong Kong. That said, the 'intervention panic' seems to be moderating on USDHKD.
Daily and weekly chars look very promising. USD is gaining strengh accross the board. Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.
Good Luck!
The Hong Kong Dollar is pegged to the USD. There is gathering momentum in the belief that the HKD has to de-peg from the USD. At the moment there is a major divergence in the two: I interpret this as 1) a persistent strength in HKD 2) investors do not believe the DXy gains are sustainable. When DXY reverses is when we see HKD break to the downside which HKMA has...
