FX.co ★ AUDCAD H1: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDCAD H1. The lower boundary is at 0.9812, while the upper boundary is at 0.9842/0.9839. The projected width is 32 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.