FX.co ★ AUDCHF M30: Bearish Symmetrical Triangle

According to the chart of M30, AUDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5878/0.5896 and upper border is 0.5908/0.5896. The pattern width is measured on the chart at -30 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 AUDCHF breaches the lower border, the price could continue its move toward 0.5866.