AUD/USD: Playing the Range as Key Resistance Holds

Current Market Posture and Technical Context

Good morning, KoraFX community. Let's direct our attention to AUD/USD, which is currently trading around 0.65144. The pair has seen a modest dip of -0.09% over the past 24 hours, remaining largely within its established day range of 0.6506 to 0.65228. My analysis indicates a clear sideways trend on the larger timeframes, with price action consolidating around this pivotal zone. We are seeing a critical test of the immediate resistance at 0.6523, a level that has proven significant in recent price history. The market's inability to decisively break above 0.65228 suggests