FX.co ★ AUDCAD M5: Bearish Rectangle

According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9752 – 0.9752 and upper border 0.9768 – 0.9768. In case the lower border is broken, the instrument is likely to follow the downward trend.