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

The Triple Bottom pattern has formed on the AUDCAD H1 chart. A break above the confirmation resistance at 0.9836 may signal a reversal from a downtrend to an uptrend.

The Bullish Rectangle has formed on the AUDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 0.9820 and its lower boundary is at 0.9812. A long position may be considered after the price breaks above the upper boundary at 0.9820 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the AUDCAD M5 chart. Its upper boundary is at 0.9820, its lower boundary is at 0.9800, and its width is 19 points. A short position may be considered below the lower boundary at 0.9800, with a potential target at 0.9785.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M30 chart. A break below the lower boundary at 0.9818 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 22 points.

The Bearish Rectangle has formed on the AUDCAD M30 chart. This is a trend continuation pattern bounded by the lower boundary at 0.9818–0.9818 and the upper boundary at 0.9838–0.9838. A breakout below the lower boundary is likely to signal a continuation of the downtrend.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M15 chart. Its lower boundary passes through 0.9818/0.9828, while its upper boundary passes through 0.9839/0.9828. The pattern width is 21 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9805.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M15 chart. A break below the lower boundary at 0.9818 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 21 points.

The Double Bottom pattern has formed on the AUDCAD M30 chart. Its support is at 0.9818, its resistance is at 0.9838, and its width is 20 points. A break above resistance may confirm a trend reversal, with the first target projected 18 points away.

The Triple Bottom pattern has formed on the AUDCAD M15 chart. It has the following characteristics: resistance at 0.9863; support at 0.9854; pattern width of 9 points. If the confirmation resistance at 0.9871 is broken, the price is likely to continue upward by at least 18 points.

The Double Bottom pattern has formed on the AUDCAD M5 chart. Its support is at 0.9853, its resistance is at 0.9863, and its width is 10 points. A break above resistance may confirm a trend reversal, with the first target projected 10 points away.