AUDUSD M15 Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDUSD M15. The lower boundary is at 0.7156, while the upper boundary is at 0.7173/0.7162. The projected width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.7173 is broken, the price is likely to continue upward.