NZDCHF M5 Bullish Flag

The Bullish Flag pattern has been formed on NZDCHF at M5. The lower boundary of the pattern is located at 0.4597/0.4595, while the higher boundary lies at 0.4599/0.4597. The projection of the flagpole is 6 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.4599 is broken, the price will move further upwards.