FX.co ★ Patterns AUDUSD | Australian Dollar (AUD) to US Dollar (USD) Rate in the Forex market

The Triple Bottom pattern has formed on the AUDUSD H1 chart. A break above the confirmation resistance at 0.7044 may signal a reversal from a downtrend to an uptrend.

The Bearish Rectangle has formed on the AUDUSD M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 0.7026–0.7026 and its support zone is at 0.7019–0.7019. A break below support at 0.7019 is likely to signal a continuation of the bearish trend.

The Head and Shoulders pattern has formed on the AUDUSD M5 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.7035/0.7036 may confirm the bearish reversal.

The Double Top reversal pattern has formed on the AUDUSD M5 chart. Its upper boundary is at 0.7039, its lower boundary is at 0.7029, and its width is 10 points. A break below the lower boundary is likely to confirm further downward movement toward 0.7014.

The Bullish Symmetrical Triangle pattern has formed on the AUDUSD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.7028/0.7025, while its lower boundary passes through 0.7022/0.7025. The pattern width is 6 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.7025 could send the price toward 0.7040.

The Double Top reversal pattern has formed on the AUDUSD M15 chart. Its upper boundary is at 0.7024, its lower boundary is at 0.7018, and its width is 6 points. A break below the lower boundary is likely to confirm further downward movement toward 0.6995.

The Double Bottom pattern has formed on the AUDUSD M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.7019. The projected move is based on the pattern width of 11 points.

The Double Top pattern has formed on the AUDUSD H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.7019 is likely to confirm further downward movement.

The Bullish Symmetrical Triangle pattern has formed on the AUDUSD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.7035/0.7025, while its lower boundary passes through 0.7018/0.7025. The pattern width is 17 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.7025 could send the price toward 0.7040.

The Head and Shoulders pattern has formed on the AUDUSD D1 chart. The head high is at 0.7238, while the neckline passes through 0.6923/0.6905. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.