FX.co ★ NZDUSD H1: Bullish Symmetrical Triangle

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5814/0.5868 whereas the upper border goes across 0.5911/0.5868. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDUSD will breach the upper border to head for 0.5908.