USDHKD 29 Jul 2024 On the daily timeframe, USDHKD seems to be struggling to strengthen and break through the kumo cloud, continuing to experience sideways moving. The pair is at a price position of 7.80674 and is still below the kumo despite being in a bullish trend. The existence of the kumo which now acts as resistance makes this pair always bounce down when it will approach or touch the kumo. However, looking at the stochastic, the chart looks to be rising towards the 80 level, showing the potential for a stronger bullish trend if the price manages to break the kumo resistance.
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