Big movement expected on ADAUSD after a breach of 0.0837

ADAUSD has broken through a line of 0.0837 and suggests a possible movement to 0.0881 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.