AUDCHF M5 Bearish Rectangle

According to the chart of M5, AUDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5700 - 0.0000 and support 0.5692 – 0.5692. In case the resistance level 0.5692 - 0.5692 is broken, the instrument is likely to follow the bearish trend.