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USD/CNY - Correction from 6.9633 completed at 6.4355

FX_IDC:USDCNY   美元 / 人民幣
In my September 8 - 2017 post I said, that the correction in wave (B) from 6.9633 was coming to an end. The actual low for the (B) has proved to be at 6.4355 on that exact day. The rally that has followed has been both strong and impulsive. We still need a break above 6.5566 to confirm that the low has been seen, but it should just be a matter of time before a clear break above 6.5566 is seen for a continuation higher.

An inverse S/H/S bottom also can be seen and the neckline has already been broken, calling for more upside towards 6.6964.

Ultimately the ongoing wave (C) should break above 6.9633 for a rally towards 7.3585 where wave equality between wave (A) and (C) will be seen.
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