Aussie and Kiwi remain sideways mainly because of China and USDCNH chart, which is trading as expected. After we noticed a corrective rally within wave B yesterday, we may now potentially see another decline back to lows for wave C. In the meantime stocks should remain up, but as soon as USDCNH will be at the support, we will have to be aware of limited upside on stocks.
USDCHN Elliott Wave Analysis Chart
