Thursday, October 15, 2026

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FxWirePro: ASX200 faces strong resistance at 5400, good to buy at dips

Major resistance - 5400 Major Support - 5325 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385. Short term trend is slightly bullish as long as support 5325 holds.…

By FxWire Pro
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FxWirePro: ASX200 faces strong resistance at 5400, good to buy at dips
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  • Major resistance - 5400
     
  • Major Support - 5325 (10 day EMA)
     
  • ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385.
     
  • Short term trend is slightly bullish as long as support 5325 holds.
     
  • On the higher side any break above 540 will take the index to 5430/5500/5525.
     
  • The major intraday support is around 5325 and any break below major support targets 5300/5250/5200.

 It is good to buy at dips around 5360 around  5325 for the TP of 5400/5430/5500 

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