There are some nice hidden tricks within the RVI. I'll publish them as and when I find them to be valid.
Targets come in at 83.595 and expect a bounce before pushing lower to 82.147 or even 81.1 (very long term target).
Tonight Kiwi is due... did a quick search and some local NZ news sites expect to come out softer than usual. JPY has been gaining steadily across most pairs ahead of BoJ decision which is likely to remain flat. So putting it all together, shorts seem like the obvious trade on NZDJPY .
Regarding divergence and you mentioning trend reversal. The chart above by no means indicates a trend reversal. It is widely written that divergences happen ahead of a trend change but that is incorrect. In fact divergences are mere correction to a trend. A trend reversal is where we get 2 opposite divergences which acts as a validation.
Also as price moves in a trend it leaves divergences all along the way. Whether they get filled or not, price only knows.
A good example is this Gold chart (https://www. , where there's a divergence waiting to be filled at 940 region. While most call Gold to be bearish if we look to the monthly charts its actually a correction to the uptrend, and cleanly identified by divergence to RSI.
I guess it all depends on the perspectives.