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According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5604 while the median line of the Neck is found at 0.5597/0.5600. 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 AUDCHF will go towards 0.5619

The Triple Bottom pattern has been formed on AUDCHF M5. It has the following characteristics: resistance level 0.5603/0.5602; support level 0.5599/0.5597; the width is 4 points. In the event of a breakdown of the resistance level of 0.5603, the price is likely to continue an upward movement at least to 0.5614.

The Double Bottom pattern has been formed on AUDCHF 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 0.5603 is broken. The further movements will rely on the width of the current pattern 4 points.

The Double Top reversal pattern has been formed on AUDCHF H1. Characteristics: the upper boundary 0.5621; the lower boundary 0.5604; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 0.5604 with a possible movements towards the 0.5564 level.

The Bullish pennant pattern is formed on the AUDCHF M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5618, a further uptrend is possible.