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The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5248; the resistance level 0.5254; the width of the pattern 6 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 6 points.

According to the chart of M15, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5264/0.5254 whereas the lower border goes across 0.5247/0.5254. The pattern width is measured on the chart at 17 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5254 is broken, the price could continue its move toward 0.5276.

The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5250; the lower boundary is 0.5248. The width of the pattern is 2 points. In case of a break of the upper boundary 0.5250, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has been formed on AUDCHF M30. It has the following characteristics: resistance level 0.5257/0.5252; support level 0.5246/0.5242; the width is 11 points. In the event of a breakdown of the resistance level of 0.5257, the price is likely to continue an upward movement at least to 0.5274.

The Double Bottom pattern has been formed on AUDCHF M15; the upper boundary is 0.5250; the lower boundary is 0.5244. The width of the pattern is 5 points. In case of a break of the upper boundary 0.5250, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.