AUD/USD Outlook: Aussie Dips Below 0.60, Weighed By Strong Demand For The Greenback

<p>The Australian dollar fell below 0.60 handle on Friday, extending weakness into fourth day, pressured by broader US dollar gains, with low volumes accelerating Aussie&#8217;s negative action. Break below 10DMA (0.6036) and 0.60 support increases negative signals and exposes next key level at 0.5944 (Fibo 38.2% of 0.5509/0.6212 upleg) close below which would generate reversal [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/285082-aud-usd-outlook-aussie-dips-below-0-60-weighed-by-strong-demand-for-the-greenback/">AUD/USD Outlook: Aussie Dips Below 0.60, Weighed By Strong Demand For The Greenback</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>