Friday, October 16, 2026

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FxWirePro: ASX200 trades well above 5200, good to buy at dips

Major resistance - 5220 (55 W EMA) ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275. Short term trend is slightly bullish as long as support 5200 holds.…

By FxWire Pro
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FxWirePro: ASX200 trades well above 5200, good to buy at dips
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  • Major resistance - 5220 (55 W EMA)
  •  
    ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275.
     
  • Short term trend is slightly bullish as long as support 5200 holds.
     
  • On the higher side any break above 5300 will take the index to 5330/5375.
     
  • The major intraday  support is around 5250 and any break below major support 5200/5150.

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

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