logo

FX.co ★ AUDCAD M5: Bullish Rectangle

AUDCAD M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the AUDCAD M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 0.9908 and its support is at 0.9901. A breakout above the resistance zone at 0.9908–0.9908 is likely to signal a continuation of the bullish trend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph