The Australian-New Zealand pair retreated during the Asian trading period on Wednesday, especially with the release of New Zealand inflation data today represented by the Consumer Price Index, which was issued on a rise as expected from the levels of 0.5% to 0.6%.

On the other side of the Australian economy, there are no impressive data today, waiting for jobs and unemployment data at dawn tomorrow, Thursday, and expectations point to the expected negative Australian data.

Technically: - the Australian news pair retreated, as we mentioned in the weekly analysis video from here, and the pair reached the daily frame of the selling zones near the levels of 1.0910 / 20, and the pair has already begun to decline. On the 4-hour time frame, the pair is now trying to form a head and shoulders pattern, especially after the neckline was broken down, where we expect the pair to continue falling to target the levels of 1.0810 and then the levels of 1.0750. This scenario fails if the pair breaks through the 1.0960 levels upwards.