Forex Flash: AUD/USD buy on dips; EUR/USD to 1.35 - Westpac

FXstreet.com (Barcelona) - Westpac expects China's Q4 GDP, scheduled for release on Friday, to beat consensus and show a +8.1% y/y rise, "helping AUD recover from any pullback on what we expect to be a soft Australian Dec jobs report on Thursday..."

"While 1.0600 proved to be too much for AUDUSD last week, the pair is probably best seen as a buy on dips on the week, as is NZDUSD ahead of its key local data: Q4 CPI on Friday" notes Sean Callow, FX currency analyst at Westpac.

EURUSD also looks set to target 1.35 multi-day/week, adds Mr. Callow.