FX.co ★ NZDCAD H1: Double Bottom

The Double Bottom pattern has been formed on NZDCAD H1; the upper boundary is 0.7983; the lower boundary is 0.7960. The width of the pattern is 25 points. In case of a break of the upper boundary 0.7983, 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.