5/14/2012 RBA Monetary Policy Meeting Minutes (1530 HI time / 2130 EDT)
Forecast: n/a
Actual: n/a
INDECISIVE then SPIKE / RETRACE
Started @ 0.9931
1st Peak @ 0.9937 – 1531 (1 min) / Reverse to 0.9910 – 1532 (2 min)
6 ticks / -21 ticks

Reverse to 0.9937 – 1608 (38 min)
27 ticks

Notes: Initial indecisive reaction mirrored the trend of the market reaction to the Cash rate report 2 weeks prior. With JOBB, you would have filled long on the 6 tick spike, before it fell for 21 ticks. With no statistics this can be tricky to evaluate, but since it crossed all 3 SMAs on the spike upwards then retreated, it is likely not heading upward. I would move the stop up to the 13 SMA at 0.9928 or 0.9929 because if it cannot find support there, it will fall further. With a long fill at 0.9936, you are looking at loss of 8 ticks. The nadir of the spike was achieved on the :32 bar with 21 ticks, then the reversal took over 30 min to achieve a double top at 0.9937.

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.

10/17/2011 RBA Monetary Policy Meeting Minutes (1430 HI time / 2030 EDT)
Forecast: n/a
Actual: n/a
SPIKE / RETRACE
Started @ 1.0022
1st Peak @ 1.0004 – 1432 (2 min)
18 ticks

Reverse to 1.0022 – 1436 (6 min)
18 ticks

Notes: Smaller than normal 2 candle spike of 18 ticks as normally you can look for 20-25 ticks on the spike. When it hit the 50 SMA, it bottomed out and reversed. The reversal gained the same amount of ticks as the spike. Overall meager reaction compared to what is typically seen.

8/15/2011 RBA Monetary Policy Meeting Minutes (1530 HI time / 2130 EDT)
Forecast: n/a
Actual: n/a
SPIKE / RETRACE
Started @ 1.0218
1st Peak @ 1.0194 – 1536 (6 min)
24 ticks

Reverse to 1.0224 – 1541 (11 min)
30 ticks

Notes: Normal 24 tick spike even though it took 6 candles to get there due to fighting through the 100 and 50 SMAs and the PP line. You can look for 20-25 ticks on the spike. The reversal outgained the spike, peaking just above the 200 SMA. Overall typical reaction.