FX.co ★ AUDCAD M15: Bearish Rectangle

According to the chart of M15, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9298 – 0.9298 and upper border 0.9305 – 0.9305. In case the lower border is broken, the instrument is likely to follow the downward trend.