With the bullish impulse wave still intact, this market is still has a short - term
bullish bias which reduces the weight of bearish formations like a pin bar, or lower high until the impulse is negated.
And that same neutral near - term
bias on monetary policy was reiterated in Lowe's speech,
which is likely why the Aussie's
bullish reaction to Lowe's speech didn't have a lot of follow - through buying.