FX.co ★ AUDCHF M5: Bearish Rectangle

According to the chart of M5, AUDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5140 – 0.5140 and upper border 0.5149 – 0.5149. In case the lower border is broken, the instrument is likely to follow the downward trend.