FX.co ★ AUDUSD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.6373 with the upper limit 0.6373/0.6370, the projection of the width is 20 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.6353, the price is most likely to continue the upward movement.