Technical Analysis

AUD/USD seeks fresh clues to cross 0.7400 hurdle. AUD/USD struggles to extend the heaviest daily gains in a month, led by the RBA’s hawkish tilt, beyond the 0.7400 round-figure. That said, the Aussie pair seesaws around 0.7390 as Asian traders brace for

EBOS has shares have been on a strong rally post the COVID sell-off as they continue to deliver strong financial results. EBO has slipped over the last couple of months, and we anticipate another strong result for the 2021 financial year due on 18th Augus

The Kiwi recently rejecting lows below 69 cents has been a positive sign for bulls looking to stay in charge of this trade, as the US dollar also lost ground post a dovish FED. Bulls also cheered the Chinese headlines with significant weekly losses and Au

DGL has been a strong performer in our NZ portfolio since initiation, but we downgraded to a HOLD earlier this year as we see limited upside on a fundamental level at $15.00. Since then, DGL has been quite volatile trading between $14.15 to $15.50 as seen

There are a few reasons traders are turning bearish on the EUR/USD, following last weeks break and close below 1.180, technical signals, coupled with guidance from the ECB could well point to more weakness on the Euro.

BHP shares have been on a strong rally since the covid sell off trending upwards following iron ore prices. While BHP shares will be prone to some volatility at current levels, we believe there is still strong support to push through to new all-time highs

Sydney Airport Shares have been volatile and provides some short-term trading opportunities as it has recently shot up again. Based on the recent past, the RSI is currently at elevated levels (well above 70) suggesting now is the time to take profits.

We upgraded TLS to a BUY in April 2020 at $3.05, after some volatility it initially jumped and pulled back. We see strong support for this current rally and Believe Telstra can return back to “pre-covid” levels of $4.00 over the medium-term.

Technical Charting Summary:  As seen above Tower is volatile but when oversold there is a short-term uptrend creating an attractive Buying opportunity. We believe Tower has become oversold again and should trend upwards and remain supported over the mediu