<p>Pivot (invalidation): 1.2355 Our preference Long positions above 1.2355 with targets at 1.2440 & 1.2480 in extension. Alternative scenario Below 1.2355 look for further downside with 1.2
The Australian Dollar, which is seen widely as a proxy for the Chinese economy, looks well placed to advance further after news of an unexpected increase in China’s exports last month.
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