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FX.co ★ Patterns AUDUSD | Australian Dollar (AUD) to US Dollar (USD) Rate in the Forex market

AUDUSD M15

Bullish Rectangle
According to the chart of M15, AUDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.7039 – 0.7039 and upper border 0.7057 – 0.7057. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-12-07

AUDUSD M5

Triple Top
On the chart of the AUDUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.7022, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 19 points.
2021-12-06

AUDUSD M15

Double Top
The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.7041; the lower boundary 0.7022; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.7022 with a possible movements towards the 0.6999 level.
2021-12-06

AUDUSD M5

Inverse Head and Shoulder
According to the chart of M5, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7019 while the median line of the Neck is found at 0.7010/0.7014. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.7034
2021-12-06

AUDUSD M15

Double Bottom
The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.7006; the lower boundary is 0.6995. The width of the pattern is 12 points. In case of a break of the upper boundary 0.7006, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-12-05

AUDUSD M15

Bearish Rectangle
According to the chart of M15, AUDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.7098, the lower border is 0.7086. The signal means that a short position should be opened after fixing a price below the lower border 0.7086 of the Bearish Rectangle.
2021-12-02

AUDUSD M5

Bearish Rectangle
According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7086 – 0.7086 and upper border 0.7098 – 0.7098. In case the lower border is broken, the instrument is likely to follow the downward trend.
2021-12-02

AUDUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.7086 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -13 pips.
2021-12-02

AUDUSD M30

Double Bottom
The Double Bottom pattern has been formed on AUDUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.7115 is broken. The further movements will rely on the width of the current pattern 30 points.
2021-12-02

AUDUSD M5

Double Bottom
The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.7085; the resistance level 0.7115; the width of the pattern 30 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 29 points.
2021-12-02