# AUDUSD Double Bottom (Feb 13, 2015) Source: https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/ Language: en Updated: 2015-02-13 Description: Explore AUDUSD Double Bottom (Feb 13, 2015). AUDUSD could be in for. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. As you can see, price bounced a couple of times off the .7700 major psychological support and is on its way to test the neckline around .7850. A break past the neckline resistance might mean a move up to the .8000 major psychological resistance, as this would mark a 150-pip climb – the same height as the chart pattern. On the other hand, if the .7850 mark holds as resistance, price could make another move towards support at .7700 and create a triple bottom pattern. Stochastic is still moving up, indicating that there’s enough buying pressure left to trigger a potential upside break. However, the oscillator is also nearing the overbought zone, which means that Aussie buyers might be getting exhausted. Weaker than expected US retail sales data released in yesterday’s New York session led to a massive dollar selloff. This was enough for the Aussie to erase its losses during the earlier Asian session, as Australia printed weaker than expected jobs data then. ![AUDUSD Double Bottom (Feb 13, 2015)] The pickup in risk appetite also seems to be supporting the Australian dollar, as commodity prices have also rebounded in the past week. Central bank easing has also carried the prospect of stronger global demand, which could keep higher-yielding currencies supported later on. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/", "headline": "AUDUSD Double Bottom (Feb 13, 2015)", "inLanguage": "en", "datePublished": "2015-02-13T10:27:51+00:00", "dateModified": "2015-02-13T10:27:51+00:00", "articleSection": "Market Info", "description": "Explore AUDUSD Double Bottom (Feb 13, 2015). AUDUSD could be in for. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "AUDUSD Double Bottom (Feb 13, 2015)", "item": "https://www.tradersway.com/resources/market-info/audusd-double-bottom-feb-13-2015/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```