FX.co ★ AUDUSD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDUSD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.7028/0.7025, while its lower boundary passes through 0.7022/0.7025. The pattern width is 6 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.7025 could send the price toward 0.7040.