NZD/CHF 4H Quick Take: Bearish Divergence Ahead

The NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength.

The pair's interaction with the weekly pivot point at 0.54257 early this week hints at a possible retest of this level soon. Traders should brace for potential shifts, as these indicators collectively suggest a looming correction.

Trade closed: target reached:

Touchdown!