Technically, the target isn't reached yet (91.25=1.618, 88.2=2.0).
The 92.62 is where the Renminbi devaluation low in 2015, now it's time to test PBOC's stupid leader and to test China careless in the currency war or the real war.
We're now focusing on geopolitic situations, India-China conflicts, North Korea missile shooting down by THAAD.
The India invaded China claimed territory, the peace was broken. The last warning was sent on Thursday by China. Chinese army started strategy material moving into Tibet and all submarines left harbors. Fighters aimed each other. Be careful, this may not end well for India, if we look back into history in 1962. North Korea's launching will be defeated inevitablly.
All these things are caused by China carelessness in 2011-2017 stagflation cycle. People are not very fond of Yuan Shih-kai. In China history before 100 years cycle, he wasted our time. China deserves better leader.
This update here because of US dollar usually geting stronger during the risk off.