FX.co ★ AUDCHF D1: Bullish Flag

The Bullish Flag pattern has been formed on AUDCHF at D1. The lower boundary of the pattern is located at 0.5949/0.5895, while the higher boundary lies at 0.6007/0.5953. The projection of the flagpole is 265 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6007 is broken, the price will move further upwards.