• Major resistance – 5400
     
  • Major intraday Support – 5350
     
  • ASX200 has slightly retreated after making a high of 5431 on Friday. It is currently trading at 5404.
     
  • 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