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

The Triple Top reversal pattern has formed on the AUDCAD M5 chart. Its upper boundary is at 0.9878/0.9922, its lower boundary is at 0.9867/0.9870, and its current width is 6 points. If the confirmation support at 0.9867 is broken, that width can be used to project the downward move.

The Double Bottom pattern has formed on the AUDCAD M5 chart. Its support is at 0.9909, its resistance is at 0.9914, and its width is 5 points. A break above resistance may confirm a trend reversal, with the first target projected 6 points away.

The Bearish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.9922 and its lower boundary is at 0.9900. A short position may be considered once the price closes below the lower boundary at 0.9900 of the Bearish Rectangle.

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.9962/0.9952, while its lower boundary passes through 0.9937/0.9952. The pattern width is 25 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.9952 could send the price toward 0.9967.

The Double Bottom pattern has formed on the AUDCAD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.9921. The projected move is based on the pattern width of 8 points.

The Double Bottom pattern has formed on the AUDCAD M5 chart. Its support is at 0.9926, its resistance is at 0.9935, and its width is 9 points. A break above resistance may confirm a trend reversal, with the first target projected 8 points away.

The Triple Bottom pattern has formed on the chart of AUDCAD M15. The lower boundary is at 0.9904, while the upper boundary is at 0.9920/0.9911. The projected width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.9920 is broken, the price is likely to continue upward.

The Double Bottom pattern has formed on the AUDCAD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.9922. The projected move is based on the pattern width of 14 points.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9972/0.9975, while its upper boundary passes through 0.9979/0.9975. The pattern width is 7 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9960.

The Bearish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 0.9979–0.9979 and its support zone is at 0.9972–0.9972. A break below support at 0.9972 is likely to signal a continuation of the bearish trend.