Thursday, October 15, 2026

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ASX200 trades well above 5400, jump till 5500 is possible

Major support - 5380 (4 Hour Kijun-Sen) The index has broken major resistance around 5430 and jumped till 5469 at the time of writing .It is currently trading around 5469. Overall trend is bullish as long as the support …

By FxWire Pro
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ASX200 trades well above 5400, jump till 5500 is possible
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  • Major support   - 5380 (4 Hour Kijun-Sen)
     
  • The index has broken major resistance around 5430 and jumped till 5469 at the time of writing .It is currently trading around 5469.
     
  • Overall trend is bullish as long as the support 5368 (4H Kijun-Sen) holds. 
     
  • Any break above major resistance 5431 will take the index to next level till 5475/5500/5550.
     
  • On the lower side, support is around 5408 (21 4HMA) and any violation below that level will drag the index till 5368/5350/5320 in the short term.

    It is good to buy on dips around 5425 with SL around 5365 for the TP of 5500/5550.

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By FxWirePro Team