FX.co ★ NZDUSD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.6028 with the upper limit 0.6028/0.6021, the projection of the width is 40 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 0.5988, the price is most likely to continue the upward movement.