If we see the pair, it recently broke the level of 1.42. While market optimism towards the UK economic outlook continues to provide support, COVID-19 news updates will influence. News of new strains of the coronavirus weighed on the Pound early in the week. We can see the next support zone at 1.40000 and the next resistance zone at 1.43500, although we can look for short-term selling opportunities for the pair, overall the pair will be trending upwards.
AUD/USD is the major pair to focus on today. During the monetary policy meeting yesterday, the Reserve Bank of Australia (RBA) kept interest rates at 0.10% while maintaining quantitative easing (QE) at its current settings. Currently, AUD/USD is following towards the resistance zone of 0.78000 next the next support zone is at 0.75500. Look for selling opportunities of AUD/USD if it bounces off the resistance zone of 0.78000. Therefore, the pair is in the big picture for now.