FX.co ★ Patterns AUDCAD | Australian Dollar (AUD) to Canadian Dollar (CAD) Rate in the Forex market

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9773; the lower boundary is 0.9761. The width of the pattern is 11 points. In case of a break of the upper boundary 0.9773, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Top pattern has formed on the chart of the AUDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9783/0.9789 with the upper limit 0.9792/0.9797; the projection of the width is 9 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9783, the price is most likely to continue the downward movement.

The Bullish pennant graphic pattern has formed on the AUDCAD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9765.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9758 and support 0.9459. In case the resistance level 0.9758 - 0.9758 is broken, the instrument is likely to follow the bullish trend.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9758 and support 0.9459. In case the resistance level 0.9758 - 0.9758 is broken, the instrument is likely to follow the bullish trend.

According to the chart of D1, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9758, the lower border is 0.9459. The signal means that a long position should be opened above the upper border 0.9758 of the Bullish Rectangle.

According to the chart of M30, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9607 – 0.9607 and upper border 0.9622 – 0.9622. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9607 – 0.9607 and upper border 0.9622 – 0.9622. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Top pattern has formed on the chart of the AUDCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9591/0.9609 with the upper limit 0.9624/0.9621; the projection of the width is 33 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9591, the price is most likely to continue the downward movement.

On the chart of AUDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9621; the lower boundary 0.9609; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9579 level.