FX.co ★ AUDUSD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the AUDUSD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 0.7166 and 0.7158, respectively. The pattern width is 8 points. If the price breaks above the upper boundary at 0.7166, it is likely to move toward 0.7177.