Although I am not a forex trader, I am continuously monitoring on some major or related exchange rates to me, e.g. EUR/USD, USD/IDR, USD/KRW. USD/CNY is one of them on my list.
The old swing bottom and top in year 2012 had significant effect on the movements until now, as shown in above chart.
I currently assume USD/CNY has finished an ABC correction wave with the size of wave C approx. 1.50 times that of wave A. My primary target could be either fibo levels, but if it could find a support on trend line extrapolated from 6.0395 & 6.1072 in early & end of 2014 respectively, roughly 6.19-6.21 level, it could be nicer.
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