FX.co ★ USDCHF M5: Bearish Rectangle

According to the chart of M5, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8895 - 0.0000 and support 0.8890 – 0.8890. In case the resistance level 0.8890 - 0.8890 is broken, the instrument is likely to follow the bearish trend.