FX.co ★ NZDUSD M5: Bearish Rectangle

According to the chart of M5, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5748 - 0.0000 and support 0.5740 – 0.5740. In case the resistance level 0.5740 - 0.5740 is broken, the instrument is likely to follow the bearish trend.