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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.

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After testing support twice in the past, KC HRW Wheat SEPTEMBER 2020 has finally broken through. Can we expect a bearish trend to follow?

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