FxWirePro: ASX200 Struggles to Close Above 5400, Good to Buy at Dips

FxWirePro: ASX200 Struggles to Close Above 5400, Good to Buy at Dips

• Major resistance - 5400 
• Major intraday Support - 5350 
• ASX200 has slightly retreated after making a high of 5411. It is currently trading at 5387. 
• 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 5380-85 with SL around 5350 for the TP of 5485/5525

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