USD/HKD Likely To Trade In Narrow Range

USD/HKD likely to trade in narrow range ahead of US jobs data, long weekend. "US payrolls data will dictate the pace of US recovery and could weigh on the USD," says senior trader at local bank. "The movements of EUR and AUD will be the market focus now," says senior trader at Chinese bank. Dow Jones technical analysis shows initial support at 7.7695 (Aug 20 low), below at 7.7595 (Aug trough). Initial resistance at 7.7876 (July 9 peak), above at 7.7968 (July high).