FxWirePro: ASX200 Faces Strong Support Around 5200, Good to Buy at Dips

FxWirePro: ASX200 Faces Strong Support Around 5200, Good to Buy at Dips

• Major resistance - 5300  
• Major Support - 5200 (7 day EMA) 
• ASX200 has recovered after making a low of 5207 yesterday. It is currently trading at 5270. 
• 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.
  

It is good to buy at dips around  5230-35 SL around  5200 for the TP of 5300/5330.

The material has been provided by InstaForex Company - www.instaforex.com