Thursday, October 15, 2026

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FxWirePro: ASX200 faces strong resistance at 5430, good to buy at dips

Major resistance - 5400 Major intraday Support - 5350 ASX200 has slightly retreated after making a high of 5431 on Friday. It is currently trading at 5404. Short term trend is slightly bullish as long as support 5350 hol…

By FxWire Pro
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FxWirePro: ASX200 faces strong resistance at 5430, good to buy at dips
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  • Major resistance - 5400
     
  • Major intraday Support - 5350
     
  • ASX200 has slightly retreated after making a high of 5431 on Friday. It is currently trading at 5404.
     
  • Short term trend is slightly bullish  as long as support 5350 holds.
     
  • On the higher side any break above 5430 will take the index to 5485/5536.
     
  • The major support is around 5350 and any break below major support targets 5320/5290/5250.The minor support is around 5380.

It is good to buy at dips around 5390-5395 with SL around 5350 for the TP of 5485/5525 

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By FxWirePro Team