ASX200
The ASX200 index has made another run at the key 6000 level this week only to be turned away again. In fact, every day this week it has been above the 6000 level however only once did it close above there.
The all time highs this week:
- ADELAIDE BRIGHTON ORDINARY
- ALTIUM LIMITED ORDINARY
- APPEN LIMITED ORDINARY
- ARB CORPORATION. ORDINARY
- ARENA REIT. STAPLED
- ARISTOCRAT LEISURE ORDINARY
- AUSNET SERVICES LTD ORDINARY
- BREVILLE GROUP LTD ORDINARY
- CARSALES.COM LTD. ORDINARY
- CHALLENGER LIMITED ORDINARY
- COCHLEAR LIMITED ORDINARY
- COMPUTERSHARE LTD ORDINARY
- CREDIT CORP GROUP ORDINARY
- CSL LIMITED ORDINARY
- CVC LIMITED ORDINARY
- FOLKESTONE EDU TRUST UNITS
- FREEDOM FOOD LTD ORDINARY
- GDI PROPERTY GRP STAPLED SECURITIES
- HOTEL PROPERTY STAPLED
- HUB24 LTD ORDINARY
- INTEGRAL DIAGNOSTICS ORDINARY
- INVOCARE LIMITED ORDINARY
- MACQUARIE GROUP LTD ORDINARY
- MINERAL RESOURCES. ORDINARY
- MNF GROUP LTD ORDINARY
- NEXTDC LIMITED ORDINARY
- NIB HOLDINGS LIMITED ORDINARY
- NORTHERN STAR ORDINARY
- REA GROUP ORDINARY
- RURAL FUNDS GROUP STAPLED
- SEEK LIMITED ORDINARY
- SPEEDCAST INT LTD ORDINARY
- STEADFAST GROUP LTD ORDINARY
- THE CITADEL GRP ORDINARY
… with no new all time lows this week.
Daily chart of S&P/ASX200 Index | Image from MetaStock
AUD/USD
The last few months have seen the AUDUSD decline considerably from above 0.80 to it present trading levels below 0.76.
In the last week it has continued to decline from a two week high near 0.7650 back down below 0.76 again. It is quickly approaching the five month low just above 0.75 again and this level is the next most likely support might kick in around 0.75 which has supported it numerous times during this year.
As I type this, it is currently trading around 0.7562.
Daily chart of AUDUSD | Image from MetaStock
Important Information
This material is made available by Trading Excellence Pty Ltd (ABN 11 096 024 958) (“Trading Excellence”) and Stuart McPhee who is an Authorised Representative (No 276438) of Australian Stock Report Pty Limited (AFSL 301682 – ABN 94 106 863 978)(“ASR”) and Amalgamated Australian Investment Solutions Pty Limited (AFSL 314614 – ABN 61 123 680 106)(“AAIS”).
This blog is prepared and disseminated for information and discussion purposes only. It is neither an offer to buy or sell securities, or any other financial products nor a solicitation of an offer to buy securities or other financial products. To the extent that any of the content of this website constitutes advice, it is general advice as opposed to personal advice.
Opinions, estimates and projections constitute the current judgement of the author as at the date of publication. They do not necessarily reflect the opinions of ASR, AAIS or any of the related entities, and are subject to change without notice. Whilst the information presented herein is believed to be reliable and sourced from public sources believed to be reliable, ASR and AAIS do not make any representation as to its accuracy or completeness. Past performance is not necessarily indicative of future results.
ASR and AAIS have no obligation to update, modify or amend this publication or otherwise notify a recipient if any opinion, forecast or estimate contained herein changes or subsequently becomes inaccurate.
Employees and/or associates of ASR, AAIS and its related entities may hold one or more of the stocks, securities or investments reviewed in the newsletter or on the website. Any personal holdings by employees and/or associates of ASR and AAIS and their related entities should not be seen as an endorsement or recommendation in anyway.
ASR and AAIS’ Privacy Statement and Financial Services Guide can be obtained upon request.
No part of this document may be reproduced in any form without the prior written consent of Trading Excellence Pty Ltd.
© Trading Excellence Pty Ltd 2017. All Rights Reserved.
