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Big movement expected on ADAUSD after a breach of 0.0830

ADAUSD has broken through a line of 0.0830 and suggests a possible movement to 0.0854 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.

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US30 – breach of price line thats been previously tested numerous times before

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