FX.co ★ AUDCAD M15: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M15 chart. Its lower boundary passes through 0.9818/0.9828, while its upper boundary passes through 0.9839/0.9828. The pattern width is 21 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9805.