FxWirePro: ASX200 struggles to close above 5400, good to buy at dips
Major resistance - 5400 Major Support - 5293 (21 day MA) ASX200 has made a high of 5403 yesterday . The index has not able hold above 5400 and started to decline from that level. It is currently trading at 5368. Short te…
ASX200 has made a high of 5403 yesterday . The index has not able hold above 5400 and started to decline from that level. It is currently trading at 5368.
Short term trend is slightly bullish as long as support 5290 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 support is around 5293 and any break below major support targets 5250/5200.The minor support is around 5350/5320.
It is good to buy at dips around 5345 with SL around 5290 for the TP of 5400/5430
