FX.co ★ AUDCHF M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDCHF M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.5718/0.5711, while its lower boundary passes through 0.5702/0.5711. The pattern width is 16 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.5711 could send the price toward 0.5726.