Daily FNArena News - Technicals

TradersCircle explains the implications of an ascending channel formation, with regard CSL.

The Chartist suggests 71.40 is the technically critical point for the Aussie.

Michael Gable of Fairmont Equities suggests a buying opportunity may present in software favourite Aconex.

Nick Linton-Ffrost of Fifth Wave suggests the ASX200 can now push towards 5800, although not necessarily in one go.

Michael Gable of Fairmont Equities sees a potential buying opportunity in Hansen Technologies.

Nick Linton-Ffrost of Fifth Wave suggests price action this week will determine where the index is headed over the next one to two months.

The Chartist reports USD gold remains in an up-trend but is wavering, with danger present on the downside.

Michael Gable of Fairmont Equities suggest recent star performer Eclipx may be set to offer a better entry point.

Nick Linton-Ffrost of Fifth Wave suggests 5400-25 to the upside and 5200-50 to the downside are the key levels to watch for the index.

The Chartist suggests investors should be cautious about following Macquarie Group’s rebound higher.