Buy above 0.7242. Stop loss at 0.7213. Take profit at 0.7296. Reason for the trading strategy (technically): AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7296 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.