Thursday, October 15, 2026

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AUS200 breaks major resistance , targets 5500

Major support - 5368 (4 Hour Kijun-Sen) The index has broken major resistance around 5430 and jumped till 5459 at the time of writing .It is currently trading around 5458. Overall trend is bullish as long as the support …

By FxWire Pro
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AUS200 breaks major resistance , targets 5500
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  • Major support   - 5368 (4 Hour Kijun-Sen)
     
  • The index has broken major resistance around 5430 and jumped till 5459 at the time of writing   .It is currently trading around 5458.
     
  • 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