Today's BRL to HKD Price Update

Summary

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

Definition

The Brazilian Real (BRL) is a major fiat currency representing Latin America’s largest economy, while the Hong Kong Dollar (HKD) serves as a key currency in Asia-Pacific financial markets. The exchange rate between them reflects market sentiment toward emerging market currencies and regional economic conditions.

Today’s Price

• 1 BRL = 1.4 HKD
• 24h High: 1.4189 HKD
• 24h Low: 1.3941 HKD

Market Analysis

The BRL/HKD pair shows notable technical signals with recent price action displaying mixed momentum indicators.

• Technical levels: Daily support at 1.44 HKD, daily resistance at 1.45 HKD; short-term support and resistance levels at 1.45 and 1.46 HKD
• Technical indicators: The 14-day RSI for HKD/BRL stands at 77.065, suggesting overbought conditions in the inverse pair
• Risk note: Overbought conditions may indicate potential consolidation or pullback risk in the near term
• Trading opportunities: Monitor key support levels around 1.44 HKD for potential entry points, with attention to resistance levels above 1.45 HKD

Conclusion

Continue to monitor the BRL/HKD pair closely, integrating technical support and resistance levels with broader market sentiment. Traders should remain cautious of overbought signals while watching for potential trading opportunities near established support zones.