ADAUSD is moving towards a line of 0.7018 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If ADAUSD continues in its current trajectory, we may see it move towards 0.7018 within the next 6 hours.
If you’re short ADAUSD you should be aware of the rapidly approaching level of 0.7018
