FX.co ★ NZDCAD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDCAD M5. The lower boundary is at 0.8015, while the upper boundary is at 0.8026/0.8021. The projected width is 10 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 0.8026 is broken, the price is likely to continue upward.