Thursday, October 15, 2026

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ASX200 breaks major resistance 5600, jump till 5700 likely

Major support - 5555 (4H Kijun-Sen) The index has broken major psychological resistance at 5600 and jumped till 5622 at the time of writing. It is currently trading around 5616. Overall trend is bullish as long as the su…

By FxWire Pro
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ASX200 breaks major resistance 5600, jump till 5700 likely
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  • Major support   - 5555 (4H Kijun-Sen)
     
  • The index has broken major psychological resistance at 5600 and jumped till 5622 at the time of writing. It is currently trading around 5616.
     
  • Overall trend is bullish as long as the support 5525 (55 4H EMA) holds. 
     
  • Any break above major resistance 5600 will take the index to next level till 5672 (161.8% retracement of 5431 and 5041)/5700 in the short term.
     
  • On the lower side, support is around 5555 (55 4H EMA) and any violation below that level will drag the index till 5525/5500/5480.

    It is good to buy on dips around 5585-5590 with SL around 5550 for the TP of 5670/5700. 

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