Thursday, October 15, 2026

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FxWirePro: ASX200 declines after making a high of 5378,good to sell on rallies

Major resistance - 5380 Major Support - 5140 (200 day MA) ASX200 pares early gains yesterday and declined till 5278 at the time of writing. It is currently trading at 5278. Short term trend is slightly bearish as long as…

By FxWire Pro
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FxWirePro: ASX200 declines after making a high of 5378,good to sell on rallies
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  • Major resistance - 5380 
     
  • Major Support - 5140 (200 day MA)
     
  • ASX200 pares early gains yesterday  and declined till 5278 at the time of writing. It is currently trading at 5278.
     
  • Short term trend is slightly bearish as long as resistance 5380 holds.
     
  • On the higher side any break above 5380 will take the index to 54200/5450.The minor resistance is at 5330.
     
  • The major intraday  support is around 5250 and any break below major support targets 5200/ 5165/5140.

 It is good to sell on rallies around  5330 SL around  5380 for the TP of 5205/5165.

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