Welcome to a new form of updates I am testing. This is basically a quick pulse check of the markets. There will be minimal graphics. Mainly just a quick update on the latest market developments. This is also easier for me so that I can provide updates even when mobile!

The AUD/USD is currently testing the resistance of 1.0330. It is a crucial line to watch out for because a failure may send the currency pair back to 1.0220. The Spanish rating fall out gave this pair quite a beating earlier and now it struggles to recover. Drop to the lower time frames of hourly and less. You can see the struggle rather clearly.

Trade safely.

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AUD/USD Update

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