By Dan Eduard
While the UK pound has been steadily moving up against the kiwi over the last few days, technical indicators are now saying that the trend is likely to end in the near future. Not only is there a bearish cross forming on the 8-hour chart’s Stochastic Slow, but both the RSI and Williams Percent Range are in overbought territory. Traders will want to keep a close eye on the pair as a downward trend is likely to occur.
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