Daily FNArena News - Technicals

Craig Parker of Moat Capital applauds a bounce in the banks but would like now to see some consolidation.

The Chartist is longer term bullish on gold but warns of shorter term downside risk.

Michael Gable of Fairmont Equities suggests the up/downside for Telstra from here depends on breaching critical levels.

Craig Parker of Moat Capital suggests the ASX200 is primed to retest 6150.

The Chartist reports CSL must at some point consolidate but for now a push through $200 is looking likely.

Michael Gable of Fairmont Equities notes AI company Appen has resumed its uptrend and is worth buying on any dip.

Craig Parker of Moat Capital notes the ASX200 is poised to retest the post-GFC high, aided by resources, but this will require the banks to stop falling.

The Chartist reports that having rejected an all-time high, Beach Energy has further to fall before buying is recommended.

Vic Patel of the Forex Training Group sees the Aussie at US60c in the next 4-6 months.

Michael Gable of Fairmont Equities suggests consolidation for auto parts specialist ARB Corp should give way to renewed upside.