Poor Aussie trade number

Australian trade balance came in at -2027million vs forecast -700million.

Audusd broke 1.0340 the 100dma support level yesterday. And is meeting
Bids around 1.0220 level.

Iron ore export actually rose month on month. But I'm not sure
If that can last given falling Chinese demand.

All in all a rather dissapointing data. It is a bigger fall in exports rather than rise
In imports that is behind it.

Market is currently taking profit at 1.0220 level. I would try and go short on any of the rallies.

Good day all :)