Friday, October 16, 2026

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FxWirePro: ASX200 struggles to close above 5200, good to buy at dips

Major resistance - 5220 ASX200 has broken major resistance 5158 and jumped till 5220 yesterday. It is currently trading at 5193. Short term trend is lightly bullish as long as support 5150 holds. On the higher side any b…

By FxWire Pro
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FxWirePro: ASX200 struggles to close above 5200, good to buy at dips
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  • Major resistance - 5220

  • ASX200 has broken major resistance 5158 and jumped till 5220 yesterday. It is currently trading at 5193.
     
  • Short term trend is lightly bullish as long as support 5150 holds.
     
  • On the higher side any break above 5220 will take the index to 5275/5300/5325.
     
  •  The major intraday  support is around 5150 and any break below major support 5130/5100.The minor support is around 5180.​ 

It is good to buy at dips around 5180 with SL around  5145 for the TP of 5225/5275

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