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The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6696; the lower boundary 0.6687; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.6687 with a possible movements towards the 0.6672 level.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6659; the lower boundary 0.6654; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.6654 with a possible movements towards the 0.6639 level.

According to the chart of H1, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6592 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41 pips.

According to the chart of M5, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6610 while the median line of the Neck is found at 0.6599/0.6603. 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 0.6625

The Double Bottom pattern has been formed on AUDUSD M5. Characteristics: the support level 0.6609; the resistance level 0.6613; the width of the pattern 4 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 4 points.