Daily FNArena News - Technicals

Craig Parker of Moat Capital suggests the outlook for the ASX200 is back to positive now the political situation has calmed down.

The Chartist reports the trend is still down for the Aussie but it is possible, though far from certain, a bottom has now been seen.

Michael Gable of Fairmont Equities suggests Breville Group should consolidate following its post-result rally, providing an opportunity.

Craig Parker of Moat Capital suggests the ASX200 is targeting 6400, as long as the banks play ball.

Michael Gable of Fairmont Equities notes that having pulled back, Senex Energy is primed for renewed upside.

Craig Parker of Moat Capital notes the indicators are lining up to suggest the ASX200 may pull back.

Michael Gable of Fairmont Equities notes Genworth Mortgage Insurance has rebounded to critical resistance.

Craig Parker of Moat Capital suggests further bank bashing, courtesy of the RC, may provide a good index buying opportunity.

The Chartist reports more upside is likely for the S&P500 but greater conviction is needed for confirmation.

Michael Gable of Fairmont Equities suggests watching for a breakout for TechnologyOne, with a return to the uptrend on the cards.