FX.co ★ NZDCAD M5: Bearish Rectangle

According to the chart of M5, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8198 – 0.8198 and upper border 0.8206 – 0.8206. In case the lower border is broken, the instrument is likely to follow the downward trend.