Watching HKD for a Potential Breakout or Rejection at 1.71

Been keeping an eye on $HKD today. We've seen a pretty consistent move up to 1.71, which is effectively the day's high as of now. This level has been a sticking point before, acting as a minor resistance on a few occasions in the past week.

My thinking is we're at a bit of an inflection point here. A sustained break above 1.71, especially if accompanied by some decent volume, could signal a continuation towards the 1.73-1.75 range, which was tested back in late May. On the flip side, if we see a clear rejection here and fall back towards the 1.69 mark, then the recent upward momentum might be stalling out, potentially leading to a retest of the 1.66-1.67 support area. The risk to the bullish scenario, for me, is a quick reversal from 1.71 without any real consolidation or follow-through. It's a key level to watch to determine if this upward pressure has real legs or if it's just another failed attempt to push higher.