AUDCHF M5 Bullish Flag

The Bullish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.5608/0.5608, while the higher boundary lies at 0.5610/0.5610. The projection of the flagpole is 7 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.5610 is broken, the price will move further upwards.