ADAUSD is heading towards 0.3446 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Important price line being approached by ADAUSD. This price has been tested numerous times before.
