Today's HKD to CNY Price Update

Summary

This report provides the real-time exchange rate between the Hong Kong Dollar (HKD) and Chinese Yuan (CNY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Hong Kong Dollar (HKD) and Chinese Yuan (CNY) are both major fiat currencies in the Asia-Pacific region. The exchange rate between them reflects market sentiment toward Hong Kong’s financial stability and China’s economic conditions, serving as a key indicator for regional capital flows and cross-border trade.

Today’s Price

• 1 HKD = 0.896 CNY
• 24h High: 0.89514 CNY
• 24h Low: 0.89317 CNY

Market Analysis

Recent HKD/CNY price movement shows mixed technical signals with multiple moving averages suggesting a bearish bias, while the Relative Strength Index (RSI) at 10.4582 indicates oversold conditions.

• Technical levels: Support zones identified at 0.8944–0.8946 CNY; resistance levels above 0.9016 CNY
• Key indicators: Multiple exponential and simple moving averages (10-day, 20-day, 50-day, 100-day, and 200-day) are generating Sell signals; however, the RSI reading suggests potential Buy opportunities from oversold levels
• Volatility note: ATR(14) indicates high volatility in the pair, suggesting caution in position sizing

Conclusion

Monitor the HKD/CNY pair closely for potential mean reversion opportunities given the oversold RSI readings, while remaining vigilant to the prevailing downward technical signals. Traders should watch for confirmation near key support and resistance levels before establishing positions.