Big movement expected on ADAUSD after a breach of 0.1300

ADAUSD has broken through a line of 0.1300 and suggests a possible movement to 0.1245 within the next 12 hours. 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 3 days.