GBPAUD next downside supportive level at 1.8100...

First potential trade setup move for today is on GBP/AUD with a move lower into 1.8100. The AUD seems to be trading much firmer firmer despite the RBA’s resumption of government bond purchases, as this was flagged at yesterday’s meeting and with the upside coinciding with the CNH strengthening to its highest level against USD since early March. In recent news for the aussie dollar we have seen a recent second spike in covid-19 cases which could have even more negative effects on the economy short-term but however from a technical standpoint, we can look to see some AUD strength today.