Dec 122011
 


6A 03 12 (1 Min) 02.20.12

12/19/2011 RBA Monetary Policy Meeting Minutes (1430 HI time / 1930 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9816
1st Peak @ 0.9840 – 1435 (5 min)
24 ticks

2nd Peak @ 0.9844 – 1441 (11 min)
28 ticks

Reverse to 0.9829 – 1451 (21 min)
15 ticks (4x bottom)

Notes: Small spike on the 1431 candle of only 11 ticks. As it only retreated 2 ticks, I would wait for more. Peak achieved with 24 ticks at 1435. Then 2nd peak of 4 more ticks came at 1441, 6 min later. Very low volume due to the Christmas season (notice many of the candles in the hour preceding the report are dashes with no movement). Reverse was small and came down to the 50 SMA.