FX Watch: EUR/AUD and AUD/CHF Could Eye Pullback Levels if Australia’s GDP Disappoints
An upside surprise in Australia’s GDP would add fuel to the Aussie’s bullish momentum, already supported by rising gold prices and hawkish RBA remarks.
Our Event Guide for Australia’s GDP Report suggests the risks lean to the upside, with business and trade activity showing improvement.
But if GDP misses, traders may use the disappointment to pull back from recent AUD strength.
In that case, pairs like EUR/AUD and AUD/CHF could offer tactical pullback opportunities.
