Thursday, October 15, 2026

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FxWirePro: ASX200 struggles to close below 10- day MA, good to buy on dips

Major intraday support - 5515 ( 10-day MA) •Major resistance - 5625 (Oct 11th 100- day MA). ASX200 recovers from the low of 5516 made at the time of writing till 5556. It is currently trading around 5547 0.07% higher •Au…

By FxWirePro Team
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FxWirePro: ASX200 struggles to close below 10- day MA, good to buy on dips
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  • Major intraday support - 5515 ( 10-day MA)
     
  • •Major resistance - 5625 (Oct 11th 100- day MA).
     
  • ASX200 recovers from the low of 5516 made at the time of writing till 5556. It is currently trading around 5547 0.07% higher
     
  • •Australian index showed a slight jump from the low of 5517 on account positive global equity markets.
     
  • •ASX200 faces major support at 5515 (10- day MA) and any break below targets 5460 (61.8% retracement of 5380 and 5598)/5427 (100-day MA).
     
  • •On the higher side, resistance is  at 5625 and any break above targets 5700/5750.

    It is good to buy on dips around 5525 with  SL at 5460 for the TP of 5625/5700.

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team