Thursday, October 15, 2026

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FxWirePro:ASX200 struggles to close above 5400, good to buy at dips

Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5397 at the time of writing. It is currently trading at 5388. Short term trend is slightly bullish as long…

By FxWire Pro
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FxWirePro:ASX200 struggles to close above 5400, good to buy at dips
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  • Major resistance - 5380
     
  • Major Support - 5307 (10 day EMA)
     
  • ASX200 has broken major resistance 5380 and jumped till 5397 at the time of writing. It is currently trading at 5388.
     
  • Short term trend is slightly bullish as long as support 5300 holds.
     
  • On the higher side any break above 5380 will take the index to 5430/5500/5525.
  • The major intraday support is around 5300 and any break below major support targets 5250/5200.

 It is good to buy at dips around 5340 around  5300 for the TP of 5300/5250/5200 

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By FxWirePro Team