Stormy Weather Hits Forex Markets

NZD/CHF:

This pair has been in a steady bullish channel for a number of days now with hardly any signs of stopping. However, the daily and hourly charts show the price floating in the over-bought territory of their respective RSIs. A bearish cross on the daily Slow Stochastic has also just formed, indicating that this pair is due for a strong downward movement giving forex traders a great opportunity to call the reversal and ride out the downward wave for some hefty profits.