AUD/USD Struggles at 20-day SMA Despite Record China Trade Surplus

Australian Dollar, AUD/USD, China, Trade Balance, Technical Outlook- TALKING POINTS Asia-Pacific market sentiment lags despite rosy economic data out of China China’s city of Yiwu sees partial lockdown after Covid cases identified AUD/USD struggles to maintain itself above the 20-day Simple Moving Average Monday’s Asia-Pacific Outlook A better-than-expected Chinese trade surplus, driven by strong export …

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