FX.co ★ AUDCAD M5: Bullish Symmetrical Triangle

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9084/0.9091 whereas the upper border goes across 0.9099/0.9091. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.9106.