NZDCHF M5 Bullish Flag

The Bullish Flag pattern has been formed on NZDCHF at M5. The lower boundary of the pattern is located at 0.4671/0.4669, while the higher boundary lies at 0.4673/0.4671. The projection of the flagpole is 7 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.4673 is broken, the price will move further upwards.