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 Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6947 and 0.6932 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 15 pips. Outlook: If the upper border 0.6947 is broken, the price is likely to continue its move by 0.6956.

The Double Bottom pattern has been formed on AUDUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.6985 is broken. The further movements will rely on the width of the current pattern 26 points.

The Triple Top pattern has formed on the chart of the AUDUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -1, and pattern’s width 9. Forecast If the price breaks through the support level 0.6992, it is likely to move further down to 0.6985.

On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.7037; the lower boundary 0.7015; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6992 level.

The Triple Top pattern has formed on the chart of the AUDUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -19, and pattern’s width 31. Forecast If the price breaks through the support level 0.6994, it is likely to move further down to 0.7005.

The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6998; the resistance level 0.7010; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 12 points.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6953; the lower boundary is 0.6941. The width of the pattern is 12 points. In case of a break of the upper boundary 0.6953, 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 Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6909 is broken, the downward movement will continue.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7083 and 0.6950 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 133 pips. Outlook: If the upper border 0.7083 is broken, the price is likely to continue its move by 0.7040.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.7094; the lower boundary 0.7083; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.7083 with a possible movements towards the 0.7068 level.