ADAUSD was identified at around 0.6107 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.6708 level.
ADAUSD – approaching a resistance line that has been previously tested at least twice in the past
