Home Polls & Quizzes AUDCAD: Will the Lower Band be Held as the Support Level?

AUDCAD: Will the Lower Band be Held as the Support Level?

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AUDCAD had a bearish move on the daily chart recently. The price seems to have found a level of support and it has been heading towards the North now. The H4 chart’s price action shows that the price has been bullish by obeying an ascending channel.

After having two rejections at the upper band, the price is coming towards the lower band. The buyers will love to see the level is held and produces an H4 bullish reversal candle. The question is whether it will be held or not? Let us have a poll on this.

Scenario 1: The lower band will be held as the support again and it will produce an H4 bullish reversal candle.

Scenario 2: The lower band will not be held this time.

AUDCAD: Will the Lower Band be Held as the Support Level?

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