Today's CNY to HKD Price Update

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Summary

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

Definition

The Chinese Yuan (CNY) and Hong Kong Dollar (HKD) are both major fiat currencies in the Asia-Pacific region. The exchange rate between them reflects market sentiment regarding regional economic conditions and capital flow dynamics between mainland China and Hong Kong.

Today’s Price

  • 1 CNY = 1.12 HKD
  • 24h High: 1.1185 HKD
  • 24h Low: 1.1172 HKD

Market Analysis

Recent CNY/HKD price movements reflect regional economic and monetary policy considerations. Technical indicators present mixed signals across different timeframes.

  • Technical indicators: The 14-day RSI reading stands at 73.70, suggesting overbought conditions. Moving average analysis shows conflicting signals depending on the pair direction observed. 30-day volatility has been measured at 0.42%.
  • Risk note: Overbought conditions may signal potential pullback risks in the near term
  • Trading opportunities: Monitor key support and resistance levels around the 24-hour trading range for potential entry and exit points

Conclusion

Continue to monitor the CNY/HKD pair closely, paying attention to technical overbought conditions and volatility patterns. Traders should remain cautious of potential mean reversion while considering the broader regional economic context.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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