AUD/USD: Sideways Coils, Looking for a Short Opportunity Below Key Resistance

AUD/USDShortSwing5h ago0 views

Trade Setup

Entry Price

0.65480

Stop Loss

0.65934

Take Profit

0.64571

Risk : Reward

1 : 2.00

RiskReward

Technical Alignment on AUD/USD


Currently, AUD/USD sits around 0.65389, trading within a well-defined sideways range, as indicated by its 0.29% 24-hour change and the day's range of 0.65105 to 0.65673. While the trend is sideways, my technical analysis, especially on the swing timeframe, suggests a potential move lower. We've seen the pair

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