FX.co ★ AUDUSD M5: Bearish Rectangle

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6889 – 0.6889 and upper border 0.6896 – 0.6896. In case the lower border is broken, the instrument is likely to follow the downward trend.