FX.co ★ Patterns AUDCAD | Australian Dollar (AUD) to Canadian Dollar (CAD) Rate in the Forex market

The Bullish Flag continuation pattern has formed on the AUDCAD M15 chart. If the price breaks above the pattern high at 0.9932, a long position may be considered with a target at 0.9955.

The Bullish Pennant pattern has formed on the AUDCAD M15 chart. This is a continuation pattern. If the price closes above the pennant high at 0.9932, the uptrend is likely to continue.

The Triple Top pattern has formed on the chart of AUDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.9906 may confirm the bearish scenario. The projected peak-to-trough width is 6 points.

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9892/0.9895, while its upper boundary passes through 0.9899/0.9895. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDCAD is expected to break the upper boundary and move toward 0.9910.

The Triple Top pattern has formed on the chart of the AUDCAD M30 trading instrument. It is a reversal pattern with resistance at 0.9922/0.9916, support at 0.9898/0.9900, and a width of 24 points. A break below the confirmation support at 0.9898 may signal further downward movement.

The Triple Top reversal pattern has formed on the AUDCAD M5 chart. Its upper boundary is at 0.9878/0.9922, its lower boundary is at 0.9867/0.9870, and its current width is 6 points. If the confirmation support at 0.9867 is broken, that width can be used to project the downward move.

The Double Bottom pattern has formed on the AUDCAD M5 chart. Its support is at 0.9909, its resistance is at 0.9914, and its width is 5 points. A break above resistance may confirm a trend reversal, with the first target projected 6 points away.

The Bearish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.9922 and its lower boundary is at 0.9900. A short position may be considered once the price closes below the lower boundary at 0.9900 of the Bearish Rectangle.

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.9962/0.9952, while its lower boundary passes through 0.9937/0.9952. The pattern width is 25 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.9952 could send the price toward 0.9967.

The Double Bottom pattern has formed on the AUDCAD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.9921. The projected move is based on the pattern width of 8 points.