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

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6220/0.6227 and upper border is 0.6235/0.6227. The pattern width is measured on the chart at -15 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDUSD breaches the lower border, the price could continue its move toward 0.6212.

According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6215 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -70 pips.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6253; the lower boundary 0.6246; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6231 level.

The Double Bottom pattern has been formed on AUDUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.6215 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6340; the lower boundary 0.6337; the width of the pattern is 3 points. Sell trades are better to be opened below the lower boundary 0.6337 with a possible movements towards the 0.6322 level.

The Bullish pennant pattern is formed on the AUDUSD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.6359, a further uptrend is possible.

According to the chart of M15, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6348 while the median line of the Neck is found at 0.6337/0.6341. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6370

The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.6378; the lower boundary 0.6363; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.6363 with a possible movements towards the 0.6341 level.

According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6379 while the median line of the Neck is found at 0.6369/0.6369. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.6354.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6371; the lower boundary 0.6366; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6351 level.