FX.co ★ NZDCHF M15: Bearish Symmetrical Triangle

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5436/0.5441 and upper border is 0.5446/0.5441. The pattern width is measured on the chart at -10 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCHF breaches the lower border, the price could continue its move toward 0.5418.