FX.co ★ NZDCHF M5: Bearish Symmetrical Triangle

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5206/0.5211 and upper border is 0.5217/0.5211. The pattern width is measured on the chart at -11 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 0.5196.