Banks drag ASX lower

The ASX 300 Banks index is headed for a test of support at 8000. Declining Twiggs Money Flow warns of selling pressure. Breach of 8000 would signal a primary down-trend.

ASX 300 Banks

The ASX 200 continues to consolidate in a narrow line between 5650 and 5800. The index is testing support at 5650 while Twiggs Money Flow warns of selling pressure. Breach of support would signal a primary decline, but direction remains uncertain until there is a clear breakout.

ASX 200

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