Thursday, October 15, 2026

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FxWirePro: ASX200 struggles to close below 5300, good to buy at dips

Major resistance - 5400 Major Support - 5293 (21 day MA) ASX200 has recovered after making a low of 5287.It is currently trading at 5391.Short term trend is slightly bearish as long as support 5290 holds. On the higher s…

By FxWire Pro
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FxWirePro: ASX200 struggles to close below 5300, good to buy at dips
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  • Major resistance - 5400
     
  • Major Support - 5293 (21 day MA)
     
  • ASX200 has recovered after making a low of 5287.It is currently trading at 5391.Short term trend is slightly bearish  as long as support 5290 holds.
     
  • On the higher side any break above 5400 will take the index to 5430/5500/5525.The minor resistance is around 5350/5380.
     
  • The major intraday support is around 5293 and any break below major support targets 5250/5200.

 It is good to sell on rallies around 5355-5360 with SL around 5400 for the TP of 5295/5260 

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