FX.co ★ AUDCAD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDCAD M5. The lower boundary is at 0.9859, while the upper boundary is at 0.9873/0.9863. The projected width is 15 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 0.9873 is broken, the price is likely to continue upward.