FX.co ★ AUDUSD H1: Bullish Symmetrical Triangle

According to the chart of H1, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6452/0.6492 whereas the upper border goes across 0.6526/0.6492. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.6532.