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Add as a preferred source on Google AUS200 faces strong resistance at 5130, good to sell on rallies Major support - 5075 ASX200 has slightly recovered after making a low of 5066. It is currently trading at 5078. Short term trend is slightly weak as long as resistance 5130 holds. Any break above 5130 will take the index…
By FxWire Pro Mar 28, 2016, 3:29 AM UTC
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Major support - 5075
ASX200 has slightly recovered after making a low of 5066. It is currently trading at 5078.
Short term trend is slightly weak as long as resistance 5130 holds. Any break above 5130 will take the index up till 5160/5205/5230.
On the lower side any break below 5075 will drag the index till 5020/4980.
Short term trend reversal only above 5230.Break above targets 5275/5300.
It is good to sell on rallies around 5095-5100 with SL around 5130 for the TP of 5020/4980 .
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