Hi Guys,I thought I might post a chart and my views on...

Hi Guys,

I thought I might post a chart and my views on AUDUSD...
Chart shows a nice uptrend from early march... so as i have learnt trend is your friend and for the time being it is up...

However it will have some downs as well...(the maximum it can go down is to reach the bottom trend line at about 75.38).. however it is now holding on to the middle trendline at 77.11... IMO if it falls below 76.11 then the next level of support is at 75.38... but i'm expecting bounce of these lines... however my main concerns are 41 and 195 EMA's, both of them seems to be at far lower level at 73.52 and 72.09 respectively...
So that might bring the price down a bit (or stay around this region for a while) until the EMA's catch's up...

For me i trade for few pips (10 max and 3 min) as i'm trying to learn the tricks and my losses before also not allowing me to put big bets or leave it for longer time intervels as well... I just trade intraday around 41 ema... For tonight and tomorrow,i think that 77.13 will be the resistance. if it breaks through that we might be comfortably go to 78... however if it doesn't pierce thro 77.13, we might come to test the support at 75.38....

Thanks
PMT

PS: After a long time (and some learning from here and some experience) i thought i might post something... and this is my first technical analysis post...so guys if you find any mistakes or would like to provide any other point of view will be highly appreciated...