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. It has the following characteristics: resistance at 0.9934; support at 0.9890; pattern width of 44 points. If the confirmation resistance at 0.9960 is broken, the price is likely to continue upward by at least 65 points.

The Bullish Flag pattern has formed on the AUDCAD M5 chart, signaling a likely continuation of the uptrend. A break above the pattern high at 0.9907 may send the price higher by a distance corresponding to the height of the flagpole.

The Bullish Pennant pattern has formed on the AUDCAD M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 0.9907, the uptrend is expected to continue toward 0.9922.

The Bearish Flag pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9913/0.9915, while its upper boundary passes through 0.9915/0.9917. The projected flagpole height is 5 points. The formation indicates that the downtrend is likely to continue. A break below 0.9913 would confirm further downward movement.

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.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9895/0.9900, while its upper boundary passes through 0.9906/0.9900. The pattern width is 11 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9885.

The Double Top reversal pattern has formed on the AUDCAD D1 chart. Its upper boundary is at 0.9987, its lower boundary is at 0.9898, and its width is 89 points. A break below the lower boundary is likely to confirm further downward movement toward 0.9858.

The Double Top reversal pattern has formed on the AUDCAD D1 chart. Its upper boundary is at 0.9976, its lower boundary is at 0.9898, and its width is 89 points. A short position may be considered below the lower boundary at 0.9898, with a potential target at 0.9858.

The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. A break below the lower boundary at 0.9896 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 38 points.

The Double Top pattern has formed on the AUDCAD D1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.9898 is likely to confirm further downward movement.