Today's HKD to CAD Price Update

Summary

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

Definition

The Hong Kong Dollar (HKD) is a major fiat currency pegged to a currency basket, while the Canadian Dollar (CAD) is a commodity-linked currency influenced by oil prices and economic data. The exchange rate between them reflects market sentiment toward both economies and capital flow dynamics in the foreign exchange market.

Today’s Price

• 1 HKD = 0.175 CAD
• 24h High: 0.17482 CAD
• 24h Low: 0.17465 CAD

Market Analysis

Recent HKD/CAD price movements show mixed technical signals. The pair displays neutral to slightly bullish characteristics across different timeframes.

• Technical indicators: RSI at 52.99 (14-day) suggests a neutral market condition, while the CAD/HKD inverse pair shows MACD at 0.0297 and RSI at 67.48
• Key resistance level: 5.6380 HKD (inverse pair equivalent)
• Market outlook: Technical analysis indicates both short-term buy signals from longer-term moving averages and sell signals from shorter-term averages, suggesting a consolidation phase with potential buying opportunities at current levels
• Risk note: The 1-year forecast suggests a potential -7.87% decline in HKD/CAD, indicating downward pressure over the medium term

Conclusion

Continue to monitor the HKD/CAD pair closely, paying attention to mixed technical signals and the divergence between short-term and long-term moving averages. Current price levels may present buying opportunities for traders with a short-term outlook, while longer-term investors should remain cautious given the negative annual forecast.