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FX Watch: AUD/NZD and AUD/JPY Testing Support Areas Ahead of Australia’s GDP

The Australian dollar is already under a lot of downside pressure lately, so can the upcoming GDP release drag it any lower?

Our Event Guide for Australia’s Q4 2024 GDP Report points out that growth components like spending and trade are showing weak spots.

Here’s what I’m watching on AUD/NZD and AUD/JPY if the growth report disappoints.

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