ADAUSD has broken through a support line of a Pennant and suggests a possible movement to 0.3967 within the next 19 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Interesting opportunity on ADAUSD after breaking 0.4098111111111111
