AUD/USD 4H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/USD has been rather volatile lately, but relatively well shaped Double Bottom pattern managed to emerge. To be on the fair side there might be some questions about where the fist bottom should be, but that ahs little impact on overall analysis. Due to the volatility in trading pair has a magnitude (of movements) rating well above the average suggesting we could expect significant moves when the pattern is breached. This becomes very important since the pair has already tested the pattern's resistance (neck line) and seems to be heading for a another charge just right now.
© Dukascopy Bank SA
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