After the decision from RBA to leave interest rates at 3.75 pair was unable to blast through previous day low, but instead it quickly retreated to 0.8800 where it stayed for couple of hours. Even after Euro market opening and initial drop in equities par remained firm. Daily chart shows support from Dec 23, 2009 which still serves as support for the Long positions. With recent gains in Dow (1.17%), Nikkei (1.63%), and euro markets on the raise it is reasonable to expect move up with stops starting bellow 0.8733 and profit targets to start setting up north from previous day high (0.8918)
Slow Stockastics are supporting the move up.
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