FX.co ★ NZDCAD M5: Bullish Flag

The Bullish Flag pattern has been formed on NZDCAD at M5. The lower boundary of the pattern is located at 0.8236/0.8226, while the higher boundary lies at 0.8246/0.8236. The projection of the flagpole is 18 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8246 is broken, the price will move further upwards.