- Major resistance – 5400
- Major Support – 5325 (10 day EMA)
- ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385.
- Short term trend is slightly bullish as long as support 5325 holds.
- On the higher side any break above 540 will take the index to 5430/5500/5525.
- The major intraday support is around 5325 and any break below major support targets 5300/5250/5200.
It is good to buy at dips around 5360 around 5325 for the TP of 5400/5430/5500
The material has been provided by InstaForex Company – www.instaforex.com