Today’s weaker-than-expected Australian GDP print potentially sets up AUD/USD for continued downside moves in the short-term.
With headline growth coming in at just 0.3% versus 0.4% expected, and GDP per capita falling for a seventh straight quarter, the odds of RBA rate cuts in early 2025 appear to be increasing rapidly.
Let’s examine how we may theoretically structure a trade plan around this development.
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