FX.co ★ AUDUSD M30: Bearish Rectangle

According to the chart of M30, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6977 - 0.0000 and support 0.6963 – 0.6963. In case the resistance level 0.6963 - 0.6963 is broken, the instrument is likely to follow the bearish trend.