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

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6889 – 0.6889 and upper border 0.6896 – 0.6896. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6902/0.6903 with the upper limit 0.6919/0.6916; the projection of the width is 17 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 0.6902, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the AUDUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6883/0.6895 with the upper limit 0.6900/0.6905; the projection of the width is 17 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 0.6883, the price is most likely to continue the downward movement.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6900/0.6890 whereas the lower border goes across 0.6882/0.6890. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6890 is broken, the price could continue its move toward 0.6905.

According to the chart of M5, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6891, the lower border is 0.6872. The signal means that a long position should be opened above the upper border 0.6891 of the Bullish Rectangle.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7146 and 0.7119 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 27 pips. Outlook: If the upper border 0.7146 is broken, the price is likely to continue its move by 0.7149.

According to the chart of M5, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7132 while the median line of the Neck is found at 0.7112/0.7121. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.7147

The AUDUSD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.7188, the Neckline and the upward angle are at 0.7112/0.7124. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDUSD will go towards 0.7084.

On the chart of AUDUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.7188; the lower boundary 0.7144; the width of the pattern 44 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.7104 level.

The Bullish pennant graphic pattern has formed on the AUDUSD H1 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 0.7233.