6A 03 12 (1 Min) 02.09.12

2/9/2011 Quarterly RBA Rate Statement / Cash Rate (1430 HI time / 1930 EDT)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 1.0724
1st Peak @ 1.0705 – 1432 (2 min)
19 ticks

2nd Peak @ 1.0703 – 1442 (12 min)

Reverse to 1.0723 – 1500 (30 min)
20 ticks

Notes: With the larger SMAs trending downward and not in the way of the downward spike, I would remain in this trade for the 2nd peak. After seeing the 1443 -1444 candles reverse, I would close out around 1.0707 on the 1444 candle.