Thursday, October 15, 2026

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FxWirePro: ASX200 struggles to close above 5100, good to buy at dips

Major support - 5020 (resistance turned into support) ASX200 breaks major resistance 5075 and jumped till 5105. It is currently trading around 5088. On the higher side major resistance is around 5120 and any break above …

By Lis Howell
1 min read
FxWirePro: ASX200 struggles to close above 5100, good to buy at dips
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  • Major support - 5020 (resistance turned into support)
     
  • ASX200 breaks major resistance 5075 and jumped till 5105. It is currently trading around 5088.
     
  • On the higher side major resistance is around 5120 and any break above will take the index to next level 5170/5200.
     
  • Any break below major support will drag the index down till 4975/ minor support is around 5075.
     
  • Overall bullish invalidation only below 4850.

Buy ASX200 around 5065-5070 with SL around 5010 for the TP of 5200

 

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By FxWirePro Team