FX.co ★ NZDCAD H1: Bearish Rectangle

According to the chart of H1, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7958 – 0.7958 and upper border 0.7983 – 0.7983. In case the lower border is broken, the instrument is likely to follow the downward trend.