USDHKD went below 7.75 today where HKMA intervene massively late 2012. We capture multiple time frame charts and compare to setup back then.
Look at USDHKD test its 7.75 limit, intervention by HKMA at this level in the past and some reasons why long term investors are keen to bet.
Hong Kong Monetary Authority intervenes at 7.75 to keep currency inside band The Hong Kong dollar is pegged to the US Dollar at 7.80 HKD to 1.00 USD since 1983. Policy makers set a upper and lower limit of 7.75 and 7.85. With the 29