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

The Triple Bottom pattern has formed on the chart of AUDUSD M15. Features of the pattern: The lower line of the pattern has coordinates 0.6425 with the upper limit 0.6425/0.6423, the projection of the width is 9 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 0.6416, the price is most likely to continue the upward movement.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6457/0.6447 whereas the lower border goes across 0.6439/0.6447. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6447 is broken, the price could continue its move toward 0.6470.

According to H1, AUDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.6429/0.6424 is broken out, the instrument is likely to move toward 0.6464.

According to the chart of M30, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6390 while the median line of the Neck is set at 0.6427/0.6424. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6454.

According to the chart of H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6424 while the median line of the Neck is found at 0.6390/0.6404. 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 0.6464

According to the chart of M15, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6429 - 0.0000 and support 0.6409 – 0.6409. In case the resistance level 0.6409 - 0.6409 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on AUDUSD M30; the upper boundary is 0.6429; the lower boundary is 0.6410. The width of the pattern is 20 points. In case of a break of the upper boundary 0.6429, 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.

The Triple Bottom pattern has been formed on AUDUSD M5. It has the following characteristics: resistance level 0.6423/0.6417; support level 0.6409/0.6409; the width is 14 points. In the event of a breakdown of the resistance level of 0.6423, the price is likely to continue an upward movement at least to 0.6425.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6423; the lower boundary is 0.6410. The width of the pattern is 14 points. In case of a break of the upper boundary 0.6423, 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.

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 0.6438 – 0.6438 and upper border 0.6445 – 0.6445. In case the lower border is broken, the instrument is likely to follow the downward trend.