FX.co ★ NZDUSD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.5766 with the upper limit 0.5766/0.5758, the projection of the width is 13 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 0.5753, the price is most likely to continue the upward movement.