FX.co ★ AUDCHF M5: Bullish Symmetrical Triangle

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5990/0.6001 whereas the upper border goes across 0.6011/0.6001. 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 AUDCHF will breach the upper border to head for 0.6016.