ADAUSD is heading towards 0.6384 and could reach this point within the next 8 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.
If ADAUSD touches 0.6384 it may be time to take action.
