- Major resistance – 5400
- Major intraday Support – 5350
- ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417.
- Short term trend is slightly bullish as long as support 5350 holds.
- On the higher side any break above 5430 will take the index to 5485/5536.
- The major support is around 5350 and any break below major support targets 5320/5290/5250.The minor support is around 5380.
It is good to buy at dips around 5390-5395 with SL around 5350 for the TP of 5485/5525
The material has been provided by InstaForex Company – www.instaforex.com