FX.co ★ NZDCAD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the NZDCAD M5 chart. Its lower boundary passes through 0.7851/0.7859, while its upper boundary passes through 0.7870/0.7859. The pattern width is 19 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDCAD breaks below the lower boundary, the price could move toward 0.7844.