- Major resistance- 5449 (61.8% retracement of 5625 and 6152).
- The index has slightly retreated after making a high of 5441 at the time of writing. It is currently trading around 5422.
- ASX200 is trading slightly well above Tenken-Sen (5368) and Kijun-Sen (5284) in the hourly chart.
- On the higher side,any break above 5449 (61.8% retracement of 5625 and 6152) confirms minor trend reversal, a jump till till 5449 (61.8% retracement of 5625 and 6152)/5500. The index should break above 5625 for further jump till 5700.
- The major support is around 5365 and any break below targets 5300/5285 in the short term.
It is good to buy on dips around 5370-75 with SL around 5345 for the TP of 5450


FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



