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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 0.7051 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.7087; the lower boundary 0.7080; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.7080 with a possible movements towards the 0.7065 level.

According to the chart of M15, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.7029 while the median line of the Neck is set at 0.7077/0.7070. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.7092.

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.7078 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -13 pips.

According to the chart of M5, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.7096, the lower border is 0.7083. The signal means that a long position should be opened above the upper border 0.7096 of the Bullish Rectangle.