Thursday, October 15, 2026

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ASX200 faces strong resistance at 5225, good to buy at dips

Major resistance - 5225 ASX200 has slightly retreated after making a high of 5225. It is currently trading at 5175. Short term trend is slightly bullish as long as support 5130 holds. Any break below 5130 will drag the i…

By FxWire Pro
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  • Major resistance - 5225
     
  • ASX200 has slightly retreated after making a high of 5225. It is currently trading at 5175.
     
  • Short term trend is slightly bullish as long as support 5130 holds. Any break below 5130 will drag the index down till 5075/5020.
     
  • On the higher side major resistance is around 5225 and break above targets 5275/5300.
     
  • Short term bullish invalidation only below 4975.

It is good to buy at dips around 5160-65 with SL around 5130 for the TP of 5225/5275.

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