FX.co ★ USDCAD M5: Bearish Rectangle

According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3736 – 1.3736 and upper border 1.3753 – 1.3753. In case the lower border is broken, the instrument is likely to follow the downward trend.