NZDCAD M30 Bearish Rectangle

According to the chart of M30, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7983 - 0.0000 and support 0.7958 – 0.7958. In case the resistance level 0.7958 - 0.7958 is broken, the instrument is likely to follow the bearish trend.