AUDUSD M5 Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDUSD M5. The lower boundary is at 0.7158, while the upper boundary is at 0.7170/0.7169. The projected width is 8 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.7170 is broken, the price is likely to continue upward.