FX.co ★ NZDCAD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the NZDCAD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.8120/0.8116, while its lower boundary passes through 0.8110/0.8116. The pattern width is 10 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.8116 could send the price toward 0.8131.