FX.co ★ AUDCHF M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the AUDCHF M5 chart. Its lower boundary passes through 0.5835/0.5846, while its upper boundary passes through 0.5855/0.5846. The pattern width is 20 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCHF breaks below the lower boundary, the price could move toward 0.5831.