Thursday, October 15, 2026

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ASX200 faces strong support at 5130, good to buy at dips

Major support - 5130 ASX200 has slightly recovered after making a low of 5146 at the time of writing. It is currently trading at 5160. Short term trend is slightly bullish as long as support 5130 holds. Any break below 5…

By FxWire Pro
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  • Major support - 5130
     
  • ASX200 has slightly recovered after making a low of 5146 at the time of writing. It is currently trading at 5160.
     
  • 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.The minor resistance is around 5175/5200.
     
  • 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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