FX.co ★ AUDUSD M30: Bearish Symmetrical Triangle

According to the chart of M30, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6581/0.6605 and upper border is 0.6627/0.6605. The pattern width is measured on the chart at -46 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 AUDUSD breaches the lower border, the price could continue its move toward 0.6575.