Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: ASX200 faces strong support around 4850, good to buy at dips

Major resistance -4930 Major support -4850 ASX200 has recovered after making a low of 4853. It is currently trading around 4920. Short term trend is slightly bullish as long as support 4850 holds. On the higher side any …

By Lis Howell
1 min read
FxWirePro: ASX200 faces strong support around 4850, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • Major resistance -4930
     
  • Major support -4850
     
  • ASX200 has recovered after making a low of 4853. It is currently trading around 4920.
     
  • Short term trend is slightly bullish as long as support 4850 holds.
     
  • On the higher side any break above 4930 will take the index till 5000/5035.
     
  •  Minor weakness can be seen below 4850 and break below targets 4825/4765.

It is good to buy at dips around 4890-4900 with SL around 4850 for the TP of 5000/5035

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team