Just another heads up for tonite...
The RBA makes its Rate announcement tonite--to hike or to hold--that is the question..

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Expectations are for a hike to continue their streak of increasing their rates for the past 5 months without pause. Happens just after midnite tonite..around 00:30 EST... Phatey--that break out you are expecting--after the announce it could be a nice catalyst for a move here...some 'pre-news-release' movement is already taking place I see...may dampen some...
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NEWS:
The Reserve Bank of Australia is widely expected to raise the benchmark interest rate to 4.25% in April from 4.00% as the nation skirts the global recession, and comments following the rate decision is likely to stoke increased volatility in the exchange rate as investors weigh the prospects for future policy.
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See what happens...AUD economy has been doing great while the rest of the world sucks dirt with econ issues... Already ahead of this the price has dropped from .9210 down about 60 pips to the .9160 area... Watch the AUD/JPY too for a FUN time... 
this concludes tonites 'heads up' report.... 
-w