AUD/USD Short: Rejection at Resistance Suggests Further Downside Potential

Olá, KoraFX community! Rafael Oliveira here, bringing my latest analysis for AUD/USD. After carefully reviewing the charts across multiple timeframes, I've identified a compelling swing trade setup for a short position, despite the current sideways trend.

Technical Confluence & Entry Rationale

The AUD/USD pair is currently trading around 0.6503, showing a -0.26% change over the last 24 hours, struggling to gain traction. The daily range has been between 0.64774 and 0.65285, highlighting the immediate consolidation. My technical analysis indicates that the pair has faced repeated rejection at the 0.6