FX.co ★ NZDUSD H1: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the NZDUSD H1 chart. Its lower boundary passes through 0.5787/0.5809, while its upper boundary passes through 0.5839/0.5809. The pattern width is 52 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDUSD breaks below the lower boundary, the price could move toward 0.5769.