FX.co ★ AUDCAD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDCAD M30. The lower boundary is at 0.9810, while the upper boundary is at 0.9842/0.9831. The projected width is 29 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 0.9842 is broken, the price is likely to continue upward.