Thursday, October 15, 2026

Technicals

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ASX200 trades above 5500, targets 5600/5625

Major support - 5470 (21 4H MA) The index has broken major resistance 5500 and jumped till 5550 at the time of writing.It is currently trading around 5530. Overall trend is bullish as long as the support 5470 (21 4H MA) …

By FxWire Pro
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ASX200 trades above 5500, targets 5600/5625
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  • Major support   - 5470 (21 4H MA)
     
  • The index has broken major resistance 5500 and jumped till 5550 at the time of writing.It is currently trading around 5530.
     
  • Overall trend is bullish as long as the support 5470 (21 4H MA) holds. 
     
  • Any break above major resistance 5500 will take the index to next level till 5600/5645 in the short term.
     
  • On the lower side, support is around 5470 (21 4HMA) and any violation below that level will drag the index till 5440/5390/5350.

    It is good to buy on dips around 5500 with SL around 5470 for the TP of 5600/5625.

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