FX.co ★ NZDCHF M15: Bearish Symmetrical Triangle

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5180/0.5190 and upper border is 0.5197/0.5190. The pattern width is measured on the chart at -17 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 NZDCHF breaches the lower border, the price could continue its move toward 0.5167.