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

According to the chart of M30, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6586, the lower border is 0.6568. The signal means that a long position should be opened above the upper border 0.6586 of the Bullish Rectangle.

The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6562 is broken, the downward movement will continue.

On the chart of AUDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6575; the lower boundary 0.6562; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6539 level.

On the chart of the AUDUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.6516, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 points.

The Double Bottom pattern has been formed on AUDUSD M30; the upper boundary is 0.6474; the lower boundary is 0.6465. The width of the pattern is 8 points. In case of a break of the upper boundary 0.6474, 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 0.6528 is broken, the downward movement will continue.

According to the chart of M5, AUDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6510, the lower border is 0.6502. The signal means that a short position should be opened after fixing a price below the lower border 0.6502 of the Bearish Rectangle.

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 0.6472 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of AUDUSD M15. Features of the pattern: The lower line of the pattern has coordinates 0.6425 with the upper limit 0.6425/0.6423, the projection of the width is 9 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.6416, the price is most likely to continue the upward movement.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6457/0.6447 whereas the lower border goes across 0.6439/0.6447. 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 0.6447 is broken, the price could continue its move toward 0.6470.