FxWirePro: ASX200 Trades Well Above 5200, Good to Buy at Dips
- Major resistance - 5220 (55 W EMA)
- ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275.
- Short term trend is slightly bullish as long as support 5200 holds.
- On the higher side any break above 5300 will take the index to 5330/5375.
- The major intraday support is around 5250 and any break below major support 5200/5150.