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Add as a preferred source on Google FxWirePro: ASX200 faces strong resistance at 5400, good to sell on rallies Major resistance - 5400 Major Support - 5300 ASX200 has broken minor support 5335 and declined till 5312. It is currently trading at 5322. Short term trend is slightly bearish as long as resistance 5400 holds. On the hig…
By FxWire Pro May 19, 2016, 2:58 AM UTC
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Major resistance - 5400
Major Support - 5300
ASX200 has broken minor support 5335 and declined till 5312. It is currently trading at 5322.
Short term trend is slightly bearish as long as resistance 5400 holds.
On the higher side any break above 5400 will take the index to 5430/5500/5525.The minor resistance is around 5350/5380.
The major intraday support is around 5300 and any break below major support targets 5250/5200.
It is good to sell on rallies around 5345-50 around 5400 for the TP of 5300/5250
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