6A 03 12 (1 Min) 11.14.11

11/14/2011 RBA Monetary Policy Meeting Minutes (1430 HI time / 1930 EST)
Forecast: n/a
Actual: n/a
SPIKE / RETRACE
Started @ 1.0055
1st Peak @ 1.0084 – 1434 (4 min)
29 ticks

Reverse to 1.0069 – 1447 (17 min)
15 ticks (3x bottom)

Notes: Healthy 3 candle spike with long wick on the 1434 candle. Look for 20-25 ticks on the spike. Since the spike took 3+ candles to unfold, the reversal was smaller than the spike and did not quite make it to the 50 SMA.