Thursday, October 15, 2026

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ASX200 trades below 5300, targets 5200

Major resistance - 5350 Major Support - 5300 (200 day 4 H MA) ASX200 has broken major support at 5300 and declined till 5269. It is currently trading at 5270. Short term trend is slightly bearish as long as resistance 53…

By FxWire Pro
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ASX200 trades below 5300, targets 5200
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  • Major resistance - 5350
     
  • Major Support - 5300 (200 day 4 H MA)
     
  • ASX200 has broken major support at 5300 and declined till 5269. It is currently trading at 5270.
     
  • Short term trend is slightly bearish  as long as resistance 5350 holds.
     
  • On the higher side any break above 5350 will take the index to 5385/5400/5430/5485.The minor resistance is around 5325. 
     
  • Any break below 5300 targets 5250/5235/5200.

It is good to sell on rallies around 5300 with SL around 5350 for the TP of 5250/5205.

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