AUDCHF M5 Bearish Flag

The Bearish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.6828/0.6832 while the upper boundary lies at 0.6832/0.6836. The projection of the flagpole is 15 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.6828 is broken, the price will move further downwards.