FX.co ★ AUDCAD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9850/0.9855, while its upper boundary passes through 0.9863/0.9855. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDCAD is expected to break the upper boundary and move toward 0.9870.