AUD/JPY Price Analysis: Prods 89.75-85 hurdle amid strong Aussie trade numbers, downbeat China PMI AUDJPY Technical Analysis PMI TradeBalance ChartPatterns
ina activity data on early Thursday. In doing so, the cross-currency pair prints mild losses near 89.80 during a three-day losing streak.for April drops to 49.5 versus 50.3 expected and 50.0 prior. Earlier in the week, the NBS Manufacturing PMI for the dragon nation offered a negative surprise before the Chinese markets went on a long holiday until Thursday.
However, downbeat China PMI data and convergence of the 100-SMA and 50-SMA join the bearish MACD signals to challenge the pair buyers near 89.75-85 resistance confluence.
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