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FX.co ★ AUDCAD M5: Bearish Rectangle

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Technical Analysis Patterns

2026-09-23T09:05:31
Signal strength 1 of 5

AUDCAD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 0.9979–0.9979 and its support zone is at 0.9972–0.9972. A break below support at 0.9972 is likely to signal a continuation of the bearish trend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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