NZD/CHF (Daily Chart) - Bearish RSI Divergence
This pair is starting to show some signs of bearishness after running into the long-term down trendline.
After nearly hitting 80 on the RSI (which shows some level of overbought), it now shows a bearish divergence which hints at further price weakness.
Hence there is a high chance we will be seeing some correction.
After nearly hitting 80 on the RSI (which shows some level of overbought), it now shows a bearish divergence which hints at further price weakness.
Hence there is a high chance we will be seeing some correction.
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