USDCNY Brace for a cyclical 1-year sell-off.

The USDCNY pair is almost on a 3-month decline after a Lower Highs rejection early in July. Having broken below its 1W MA50 (blue trend-line) the same month, which was the long-term Support, this Lower Highs is a standard cyclical top formation that has shown up both on the May 2020 and 2017 tops.

The similarities are more obvious on the 1W RSI, where the pair makes its cyclical bottom after a Higher Lows trend-line is formed on oversold territory and tops on the Lower Highs trend-line shown.

Right now it appears that we are just before it breaks downwards aggressively and attack the 1W MA200 (orange trend-line). The Sine Waves also give a great perspective of the frequency of those Cycle Bottoms.

As a result, we expect the pair to have reached by the end of 2025 the 10-year Higher Lows Zone. Our long-term Target is 6.500.

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