Thursday, October 15, 2026

Technicals

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FxWirePro:ASX200 struggles to close below 200 day MA, good to buy at dips

Major resistance - 5210 (90 day MA) Major Support - 5090 ASX200 has recovered from the low 5093 made yesterday. The index has not closed below 200 day MA . It is currently trading at 5158. Short term trend is slightly bu…

By FxWire Pro
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FxWirePro:ASX200 struggles to close below 200 day MA, good to buy at dips
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Major resistance - 5210  (90 day MA)
 
Major Support - 5090    
 

  • ASX200 has recovered from the low 5093 made yesterday. The index has not closed below 200 day MA . It is currently trading at 5158.
     
  • Short term trend is slightly bullish as long as support 5090 holds.
     
  • Any violation below major support will drag the index down till 5075/5000 in the short term.
     
  • On the higher side any break above 5210 will take the index to 5210 (90 day EMA)/5300/5337 (21 day MA).

    It is good to buy at dips around 5130 with SL around 5090 for the TP of  5205/5250.

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By FxWirePro Team