FX.co ★ AUDCAD H1: Double Bottom

The Double Bottom pattern has formed on the AUDCAD H1 chart. Its upper boundary is at 0.9960, its lower boundary is at 0.9890, and its width is 72 points. A break above the upper boundary at 0.9960 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.