FX.co ★ AUDCHF H1: Bullish Symmetrical Triangle

According to the chart of H1, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5355/0.5340 whereas the lower border goes across 0.5326/0.5340. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5340 is broken, the price could continue its move toward 0.5380.