ADAUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 2 days.
Because ADAUSD formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
