FX.co ★ NZDCHF M5: Bearish Rectangle

According to the chart of M5, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5215 – 0.5215 and upper border 0.5225 – 0.5225. In case the lower border is broken, the instrument is likely to follow the downward trend.