FxWirePro:ASX200 retreats after making a high of 5430, good ot buy at dip
Major resistance - 5380 Major Support - 5200 ASX200 pares early gains today morning after making breaking a major resistance of 5380 and jumped till 5430 at the time of writing.It is currently trading at 5386. Short term…
ASX200 pares early gains today morning after making breaking a major resistance of 5380 and jumped till 5430 at the time of writing.It is currently trading at 5386.
Short term trend is slightly bullish as long as support 5300 holds.
On the higher side any break above 5430 will take the index to 5500/5525.
The major intraday support is around 5350 and any break below major support targets 5330/5300.
It is good to buy at dips around 5340 SL around 5300 for the TP of 5430/5500.
