Thursday, October 15, 2026

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FxWirePro: ASX200 faces strong support at 5300, good to buy at dips

Major resistance - 5380 Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as suppo…

By FxWire Pro
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FxWirePro: ASX200 faces strong support at 5300, good to buy at dips
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Major resistance - 5380
 

  • Major Support - 5300
     
  • ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346.
     
  • Short term trend is slightly bullish as long as support 5300 holds.
     
  • On the higher side any break above 5380 will take the index to 5430/5500/5525.
     
  • The major intraday  support is around 5300 and any break below major support targets 5250/5200.

 It is good to buy at dips around 5340 SL around  5300 for the TP of 5430/5500.

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