FX.co ★ NZDUSD M15: Double Bottom

The Double Bottom pattern has formed on the NZDUSD M15 chart. Its upper boundary is at 0.5679, its lower boundary is at 0.5663, and its width is 16 points. A break above the upper boundary at 0.5679 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.