Thursday, October 15, 2026

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FxWirePro: AUS200 faces strong resistance at 5550, good to buy at dips

Major support - 5490 (21 4H MA) The index has slightly declined after making a high of 5550. It is currently trading around 5505. Overall trend is bullish as long as the support 5435 (55 4H EMA) holds. Any break above ma…

By FxWire Pro
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FxWirePro: AUS200 faces strong resistance at 5550, good to buy at dips
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  • Major support   - 5490 (21 4H MA)
     
  • The index has slightly declined after making a high of 5550. It is currently trading around 5505.
     
  • Overall trend is bullish as long as the support 5435 (55 4H EMA) holds. 
     
  • Any break above major resistance 5550 will take the index to next level till 5600/5645 in the short term.
     
  • On the lower side, support is around 5490 (21 4HMA) and any violation below that level will drag the index till 5465/5440/5390.

    It is good to buy on dips around 5470 with SL around 5435 for the TP of 5550/5600.

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Major Pair Currency Score: AUDUSD Bearish

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