FX.co ★ NZDCAD M30: Bearish Symmetrical Triangle

According to the chart of M30, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7973/0.7988 and upper border is 0.8004/0.7988. The pattern width is measured on the chart at -31 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCAD breaches the lower border, the price could continue its move toward 0.7958.