GBPAUD - BULLISH BIASGBP - BULLISH
1️⃣ Hopes that the UK could ease lockdowns sooner than expected due to the country's fast deployment of Covid-19 vaccines.
2️⃣ British inflation rose a little more than expected in January.
3️⃣ The pound has also been supported this year by lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
AUD - BEARISH
1️⃣ Negative in risk sentiment undermined the antipodeans.
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Technical
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We are looking to buy the GBPAUD on support + above SMA 50 on the H1 chart.
