FX.co ★ AUDUSD M15: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDUSD M15. Features of the pattern: The lower line of the pattern has coordinates 0.7080 with the upper limit 0.7080/0.7058, the projection of the width is 36 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.7044, the price is most likely to continue the upward movement.