FX.co ★ NZDCHF M5: Bullish Symmetrical Triangle

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5134/0.5139 whereas the upper border goes across 0.5144/0.5139. 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 NZDCHF will breach the upper border to head for 0.5154.