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AUD/USD Outlook: Aussie Dips On Risk Aversion But Still Lacks Clearer Direction Signals

The Australian dollar dips in early European trading, pressured by fresh risk aversion. Triple failure to break falling 20DMA (currently at 0.6152) weighs and threatens recovery stall, however, fresh bears need more negative signals to confirm scenario and accelerate lower. Mixed daily studies (rising momentum is conflicting stochastic reversing from overbought territory) lack clearer signals. Extension below 0.6046 (Fibo 23.6% of 0.5509/0.6212) is seen as minimum requirement, with loss of psychological 0.60 level and 10DMA (0.5984) to generate firmer signal and expose pivotal support at 0.5944 (Fibo 38.2% of 0.5509/0.6212). On the other side, falling 20DMA marks first pivot, break of which would expose key resistance at 0.6235 (Fibo 61.8% of 0.6684/0.5509 descend).

Res: 0.6097; 0.6152; 0.6212; 0.6235
Sup: 0.6046; 0.6022; 0.6000; 0.5984

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