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The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9277; the resistance level 0.9284; the width of the pattern 7 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 8 points.

The Bearish pennant pattern has formed on the AUDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9278; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 0.9278, the downtrend is expected to continue for further level 0.9263.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9280 is broken, the downward movement will continue.

On the chart of AUDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9317; the lower boundary 0.9297; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9257 level.

On the chart of AUDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9317; the lower boundary 0.9297; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9267 level.