AUDUSD M5 Bearish Rectangle

According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7111 - 0.0000 and support 0.7102 – 0.7102. In case the resistance level 0.7102 - 0.7102 is broken, the instrument is likely to follow the bearish trend.