FX.co ★ NZDCHF M30: Bearish Rectangle

According to the chart of M30, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4604 - 0.0000 and support 0.4592 – 0.4592. In case the resistance level 0.4592 - 0.4592 is broken, the instrument is likely to follow the bearish trend.