Home Polls & Quizzes AUDNZD: Will the Price Obey the Equidistant Channel?

AUDNZD: Will the Price Obey the Equidistant Channel?

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AUDNZD has been up trending on the H4 chart. The H4 price action suggests that the price may get trapped into an equidistant channel. The price had a rejection earlier, and it has had a rejection today as well from the potential upper band (Resistance).

Thus, it may come down to the potential lower band (Support). Since it is an up-trending equidistant channel, it may not attract the sellers. However, the buyers will be eying on the pair to produce an H4 bullish reversal candle once the price is at the support level. The question is whether the price keeps obeying the equidistant channel or not. Let us have a poll on this.

Scenario 1: The price will obey the equidistant channel.

Scenario 2: The price will not obey the equidistant channel.

Will the Price Obey the Equidistant Channel?

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