FX.co ★ AUDCAD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9895/0.9900, while its upper boundary passes through 0.9906/0.9900. The pattern width is 11 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9885.