Here are the key factors to keep in mind today for British Pound trades:

• UK Public Sector Net Borrowing: UK Public Sector Net Borrowing for March was reported at -£0.3B and UK Public Sector Net Borrowing excluding Banking Groups at £1.3B. Economists predicted a figure of £1.3B and of £3.0B. Forex traders can compare this to UK Public Sector Net Borrowing for February which was reported at -£0.3B and to UK Public Sector Net Borrowing excluding Banking Groups which was reported at £1.2B. UK Public Finances for March were reported at £0.5B and UK Central Government Borrowing at £19.9B. Forex traders can compare this to UK Public Finances for February which were reported at £19.1B and to UK Central Government Borrowing which was reported at -£1.9B.
• UK CBI Trends Total Orders and CBI Trends Selling Prices: UK CBI Trends Total Orders for April are predicted at 4 and CBI Trends Selling Prices are predicted at 18. Forex traders can compare this to CBI Trends Total Orders for March which were reported at 4 and to CBI Trends Selling Prices which were reported at 18.

Here are the key factors to keep in mind today for Australian Dollar trades:

• Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of April 22nd was reported at 118.4. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of April 15th which was reported at 116.0.
• Australian CPI: The Australian CPI for the first-quarter of 2018 increased by 0.4% quarterly and by 1.9% annualized. Economists predicted an increase of 0.5% quarterly and of 2.0% annualized. Forex traders can compare this to the Australian CPI for the fourth-quarter of 2017 which increased by 0.6% quarterly and by 1.9% annualized. The RBA Trimmed Mean CPI for the first-quarter of 2018 increased by 0.5% quarterly and by 1.9% annualized. Economists predicted an increase of 0.5% quarterly and of 1.8% annualized. Forex traders can compare this to the RBA Trimmed Mean CPI for the fourth-quarter of 2017 which increased by 0.4% quarterly and by 1.8% annualized. The RBA Weighted Median CPI for the first-quarter of 2018 increased by 0.5% quarterly and by 2.0% annualized. Economists predicted an increase of 0.5% quarterly and of 1.9% annualized. Forex traders can compare this to the RBA Weighted Median CPI for the fourth-quarter of 2017 which increased by 0.5% quarterly and by 2.0% annualized.

Should price action for the GBPAUD remain inside the or breakdown below the 1.8310 to 1.8365 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.8335
• Take Profit Zone: 1.7960 – 1.8000
• Stop Loss Level: 1.8475

Should price action for the GBPAUD breakout above 1.8365 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.8385
• Take Profit Zone: 1.8585 – 1.8600
• Stop Loss Level: 1.8335

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