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

The Double Top reversal pattern has formed on the AUDCAD M15 chart. Its upper boundary is at 0.9877, its lower boundary is at 0.9867, and its width is 9 points. A short position may be considered below the lower boundary at 0.9867, with a potential target at 0.9844.

The Triple Top pattern has formed on the chart of AUDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.9867 may confirm the bearish scenario. The projected peak-to-trough width is 5 points.

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 0.9815. The projected move is based on the pattern width of 9 points.

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 0.9857. The projected move is based on the pattern width of 8 points.

The Double Bottom pattern has formed on the AUDCAD M30 chart. Its upper boundary is at 0.9834, its lower boundary is at 0.9825, and its width is 8 points. A break above the upper boundary at 0.9834 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9850/0.9855, while its upper boundary passes through 0.9863/0.9855. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDCAD is expected to break the upper boundary and move toward 0.9870.

The Bullish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9842/0.9851, while its upper boundary passes through 0.9858/0.9851. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, AUDCAD is expected to break the upper boundary and move toward 0.9866.

The Bullish Pennant pattern has formed on the AUDCAD M30 chart. This is a continuation pattern. If the price closes above the pennant high at 0.9874, the uptrend is likely to continue.

The Triple Top reversal pattern has formed on the AUDCAD M5 chart. Its upper boundary is at 0.9872/0.9869, its lower boundary is at 0.9856/0.9865, and its current width is 9 points. If the confirmation support at 0.9856 is broken, that width can be used to project the downward move.

The Double Top reversal pattern has formed on the AUDCAD M30 chart. Its upper boundary is at 0.9863, its lower boundary is at 0.9823, and its width is 42 points. A short position may be considered below the lower boundary at 0.9823, with a potential target at 0.9793.