ADAUSD has broken through a resistance line. It has touched this line at least twice in the last 16 days. This breakout may indicate a potential move to 0.3222 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
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Supports and resistances are primary concepts of technical analysis. ADAUSD is heading for an important price of 0.7285 – read about what this could mean for the future.
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