FX.co ★ NZDCHF M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the NZDCHF M5 chart. Its lower boundary passes through 0.4727/0.4732, while its upper boundary passes through 0.4737/0.4732. The pattern width is 10 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDCHF breaks below the lower boundary, the price could move toward 0.4717.