FX.co ★ AUDUSD H1: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDUSD H1 chart. Its lower boundary passes through 0.7159/0.7168, while its upper boundary passes through 0.7181/0.7168. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDUSD is expected to break the upper boundary and move toward 0.7208.