Wednesday, July 20, 2016

Australia All Ordinaries index technical chart and technical forecast updated on 21st July 2016, Thursday.

Shares have cruised through the morning after crossing the 5500 mark early to mark a new 11-month high, led higher by the banks, CSL and industrial stocks. Meanwhile, NAB's quarterly business conditions survey point to a soft CPI reading next week ahead of the RBA rate decision.

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