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Home.forex news reportFX Watch: GBP/AUD and AUD/USD Resistance Zones in Case Australia’s CPI Falls...

FX Watch: GBP/AUD and AUD/USD Resistance Zones in Case Australia’s CPI Falls Short

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With market expectations running pretty high for the RBA to shift to a tightening cycle soon, can a potentially downbeat Australia CPI still change this trajectory?

Our Event Guide for Australian Inflation Report suggests that softer labor conditions could put some weight on overall price pressures, possibly reviving talks of further easing.

Here’s what I’m watching on GBP/AUD and AUD/USD in this scenario.

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