Thursday, October 15, 2026

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FxWirePro: ASX200 faces strong support at 5075, good to sell on rallies

Major resistance - 5195 (trend line joining 5732 and 5378) Major support - 5075 (resistance turned into support) ASX200 has recovered after making a low of 5085. It is currently trading around 5126. On the higher side mi…

By Lis Howell
1 min read
FxWirePro: ASX200 faces strong support at 5075, good to sell on rallies
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  • Major resistance - 5195 (trend line joining 5732 and 5378)
     
  • Major support - 5075 (resistance turned into support)
     
  • ASX200 has recovered after making a low of 5085. It is currently trading around 5126.
     
  • On the higher side minor resistance is around 5130 and any break above will take the index to next level 5170/5200/ 5230.
     
  • Any break below major support will drag the index down till minor support is around 5100.
     
  • Overall bullish invalidation only below 4850.

Sell ASX200 around 5165-5170 with SL around 5200 for the TP of 5075

 

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By FxWirePro Team