FX.co ★ AUDCAD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9972/0.9975, while its upper boundary passes through 0.9979/0.9975. The pattern width is 7 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9960.