Daily FNArena News - Technicals

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in ANZ Bank.

The Chartist reports technicals indicate the Aussie dollar will continue lower from here.

Michael Gable of Fairmont Equities suggests Amcor is set for more medium term upside.

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in BHP Billiton.

The technicals suggest the S&P500 still needs to consolidate before pushing on to higher highs, The Chartist reports, although it hasn’t behaved as such to date.

Michael Gable of Fairmont Equities suggests Flight Centre is technically neutral at present but strong support exists on any drop.

Nick Linton-Ffrost of Fifth Wave suggests Woolworth’s weak result response is offering a potential buying opportunity.

Michael Gable of Fairmont Equities suggests Rio Tinto will look to $62 before finding strong support.

Nick Linton-Ffrost of Fifth Wave notes the tehcnicals suggest an emerging Buy on Westpac.

The Chartist reports Telstra’s result-driven rally suggest further upside, but probably not before closing the gap on the chart.