Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:ASX200 faces struggles to close above 5500, good to buy on dips

Major intraday support - 5424.(100-day MA)

•Major resistance - 5505 (Oct 11th 100- day MA).

•The index has made a slight jump above 5500 but not able to hold above that level. It is currently trading around 5456.

•ASX200 faces strong support at 5425 (100- day MA) and any break below targets 5346 (21- day MA).

•On the higher side, resistance is  at 5520 and any break above targets 5548/5625/5700.

•The major support is around 5425 (100- day MA) and break below targets 5350/5338 (21- day MA).

It is good to buy on dips around 5450-55 with  SL at 5400 for the TP of 5520/5620.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.