ADAUSD has broken through a resistance line of a Channel Down and suggests a possible movement to 0.9939 within the next 23 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 4 days.
There is a possibility of a big movement on ADAUSD after a breach of the resistance
