AUDUSD M5 Bearish Rectangle

AMP

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6280 – 0.6280 and upper border 0.6287 – 0.6287. In case the lower border is broken, the instrument is likely to follow the downward trend.