Thursday, October 15, 2026

Technicals

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FxWirePro: ASX200 struggles to close above 5300, good to sell on rallies

Major resistance - 5375 Major Support - 5200 ASX200 pares early gains today morning after making a high of 5321.It is currently trading at 5270. Short term trend is slightly bearish as long as resistance 5380 holds. On t…

By FxWire Pro
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FxWirePro: ASX200 struggles to close above 5300, good to sell on rallies
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Major resistance - 5375

  • Major Support - 5200
     
  • ASX200 pares early gains today morning after making a high of 5321.It is currently trading at 5270.
     
  • Short term trend is slightly bearish as long as resistance 5380 holds.
     
  • On the higher side any break above 5300 will take the index to 5330/5380/5420.
     
  • The major intraday  support is around 5225 and any break below major support targets 5200/ 5165/5140.

 It is good to sell on rallies around  5300-5310 SL around  5380 for the TP of 5205/5145.

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