FX.co ★ AUDCAD H1: Bearish Symmetrical Triangle

According to the chart of H1, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8842/0.8865 and upper border is 0.8888/0.8865. The pattern width is measured on the chart at -46 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCAD breaches the lower border, the price could continue its move toward 0.8825.