FX.co ★ AUDUSD M5: Bullish Flag

The Bullish Flag pattern has been formed on AUDUSD at M5. The lower boundary of the pattern is located at 0.6553/0.6553, while the higher boundary lies at 0.6561/0.6561. The projection of the flagpole is 13 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6561 is broken, the price will move further upwards.