Thursday, October 15, 2026

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FxWirePro: ASX200 faces strong support around 5200, good to buy at dips

Major resistance - 5300 Major Support - 5200 (7 day EMA) ASX200 has recovered after making a low of 5207 yesterday. It is currently trading at 5270. Short term trend is slightly bullish as long as support 5200 holds. On …

By FxWire Pro
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FxWirePro: ASX200 faces strong support around 5200, good to buy at dips
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  • Major resistance - 5300 
     
  • Major Support - 5200 (7 day EMA)
     
  • ASX200 has recovered after making a low of 5207 yesterday. It is currently trading at 5270.
     
  • Short term trend is slightly bullish as long as support 5200 holds.
     
  • On the higher side any break above 5300 will take the index to 5330/5375.
     
  • The major intraday  support is around 5250 and any break below major support 5200/5150.

 It is good to buy at dips around  5230-35 SL around  5200 for the TP of 5300/5330.

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