AUD/USD Intraday: Navigating Sideways Structure for a High Probability Short Scalp

Technical Read: Range-Bound Dynamics

Taking a look at AUD/USD, we're seeing a clear sideways trend, currently trading around 0.65232. The daily range has been quite tight, fluctuating between 0.65184 and 0.65281, indicating a lack of strong directional conviction from either bulls or bears. We've seen a slight 24h change of 0.00032 (0.05%), which further underscores this consolidation. Immediate resistance is well-defined around 0.6528, aligning closely with the day's high of 0.6528