AUDUSD Long off Structure

FX:AUDUSD   Australian Dollar / U.S. Dollar
The 0.72150 level has been critical for Aussie these past two weeks. Looking to the left we can see the level acted as resistance, and more recently after breaking above it has acted as support. Going into the weekend there are no more significant news releases, therefore I expect a quiet end to the week. A long off 0.72150 with stop below 72 provides a decent risk/reward trade.

Good trading,

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