FX.co ★ AUDCAD H1: Bearish Rectangle

According to the chart of H1, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9783 - 0.0000 and support 0.9743 – 0.9743. In case the resistance level 0.9743 - 0.9743 is broken, the instrument is likely to follow the bearish trend.