8/20/2012 RBA Monetary Policy Meeting Minutes (1530 HI time / 2130 EDT)
Started @ 1.0429
1st Peak @ 1.0424 – 1531 (1 min)
Reverse to 1.0458 – 1614 (44 min)
Notes: Small spike of only 5 ticks with a healthy reversal that played out slowly over 44 min. With JOBB, your order would not have filled, so cancel it after 10 sec. The initial drop hit strong support on the 200 SMA, then rebounded to settle into the reversal. The reversal managed to climb 2-3 ticks per bar and found marginal resistance at the R1 and R2 Pivots. With the 50 and 100 SMAs near the origin, no SMAs were crossed.