FX.co ★ NZDUSD H1: Bearish Symmetrical Triangle

According to the chart of H1, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5749/0.5767 and upper border is 0.5787/0.5767. The pattern width is measured on the chart at -38 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 NZDUSD breaches the lower border, the price could continue its move toward 0.5727.