Shares of ANZ will likely remain under pressure as the ACCC has broadened the charges related to the bank’s 2015 capital raising.
In addition to two other ANZ staff, executives from Citigroup and Deutsche Bank have also been charged with criminal cartel offences.
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Our ALGO engine triggered a sell signal on ANZ at $28.15 on May 11th.
We see chart resistance near $26.95 and the next downside support area at $25.80.
ANZ
