FX.co ★ NZDUSD M5: Bearish Symmetrical Triangle

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7168/0.7178 and upper border is 0.7186/0.7178. The pattern width is measured on the chart at -18 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 NZDUSD breaches the lower border, the price could continue its move toward 0.7163.