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

According to M15, AUDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.6220/0.6214 is broken out, the instrument is likely to move toward 0.6237.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6211; the lower boundary 0.6188; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 0.6188 with a possible movements towards the 0.6173 level.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6227; the lower boundary 0.6221; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6206 level.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6220/0.6224 whereas the upper border goes across 0.6227/0.6224. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.6239.

According to the chart of M30, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6209 – 0.6209 and upper border 0.6223 – 0.6223. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDUSD M30. Characteristics: the support level 0.6209; the resistance level 0.6221; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 11 points.

The Double Bottom pattern has been formed on AUDUSD M15. Characteristics: the support level 0.6209; the resistance level 0.6221; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 11 points.

The Triple Bottom pattern has been formed on AUDUSD M5. It has the following characteristics: resistance level 0.6260/0.6258; support level 0.6251/0.6251; the width is 9 points. In the event of a breakdown of the resistance level of 0.6260, the price is likely to continue an upward movement at least to 0.6266.

The Triple Bottom pattern has been formed on AUDUSD M30. It has the following characteristics: resistance level 0.6336/0.6315; support level 0.6300/0.6297; the width is 36 points. In the event of a breakdown of the resistance level of 0.6336, the price is likely to continue an upward movement at least to 0.6327.

The Triple Bottom pattern has formed on the chart of the AUDUSD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.6336/0.6315.