Daily FNArena News - Technicals

Craig Parker of Moat Capital believes the ASX200 may be heading towards 5400 but that would provide a buying opportunity.

The Chartist reports the breakout to the upside for the Aussie dollar is now under pressure.

Michael Gable of Fairmont Equities suggests consolidation in the BHP price suggests a run-up is ahead.

Craig Parker of Moat Capital suggests a break below 5650 for the ASX200 would mean 5400, but for now the bulls may have a run.

The Chartist reports the oil price may be set for a bounce but the risk remains to the downside.

Michael Gable of Fairmont Equities notes despite the odd rebound, technically Afterpay Touch is not looking positive.

Craig Parker of Moat Capital notes the 5650 level in the ASX200 effectively held last week but the risk is of a retest.

The Chartist reports the lithium price may have put in a low but this will need to be confirmed as the trend remains weak.

Michael Gable of Fairmont Equities suggests Costa Group is set up for a rally, although general market weakness may interfere.

Craig Parker of Moat Capital suggests a failure of the ASX200 to hold 5650 would signal a bear market.