The Australian pound pair rose during the beginning of the Asian trading period before the pair retreated again, as the results of the monetary policy committee meeting were released today from Australia, and it seems that the Australian Reserve is in no hurry to take any major steps related to monetary policy settings this year.

On the other side of the UK, we are waiting for the annual and monthly consumer price inflation data tomorrow.

Technically: - the pair was able to break through the levels of the descending price channel on the four-hour frame with the resistance level, which has now become a support level.

The pair is currently trying to retest the support level of 1.9060 /40, from which we can start cautiously buying the pair to target the levels of 1.9100 and then 1.9200.

This scenario fails to return inside the price channel back down and prefers to exit the opportunity before the British inflation data tomorrow.