Aug 042011
 


6A 03 12 (1 Min) 08.04.11

8/4/2011 Quarterly RBA Rate Statement / Cash Rate (1530 HI time / 2130 EDT)
Forecast: n/a
Actual: n/a
SPIKE / RETRACE
Started @ 1.0190
1st Peak @ 1.0161 – 1531 (1 min)
29 ticks

Reverse to 1.0222 – 1553 (2 min)
61 ticks

Notes: Since the first candle crossed the 200 SMA downward about 2/3 of the way down and the 100 / 50 SMAs higher up, I would expect a pullback and close out at the end of the 1531 candle. The strong reversal, and the delay of 15 min before it cleared the 50 /100 SMAs upward is not predictable.