FX.co ★ NZDCAD M30: Bearish Rectangle

According to the chart of M30, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7969 - 0.0000 and support 0.7956 – 0.7956. In case the resistance level 0.7956 - 0.7956 is broken, the instrument is likely to follow the bearish trend.