AUD/USD Short Opportunity: Rejection at Resistance Favors Downside Swing

Technical Analysis & Confluence

Alright KoraFX community, let's dissect AUD/USD. The pair is currently trading at 0.65136, showing a slight dip of -0.1% over the last 24 hours. While the overall trend has been sideways, we're seeing clear technical signals emerging for a potential short swing trade.
Looking at the daily range, price has been capped at 0.65232, aligning almost perfectly with our immediate resistance level at 0.6523. This is a critical zone. We've seen price reject this level multiple times, indicating strong selling pressure building around it. My entry for this short position is set at 0.65167, anticipating a continued rejection from this resistance cluster. The confluence is strong here, with price action clearly showing hesitation and a lack of momentum to break higher. A break and close above 0.6523 would invalidate this initial setup,