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 0.5135/0.5141 whereas the upper border goes across 0.5149/0.5141. 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 0.5156.