ADAUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of ADAUSD could test 0.7195 within the next 20 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
ADAUSD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
