This week, Wealth Within Senior Analysts Filip Tortevski and Pedro Banales examine the warning signs emerging across Australia’s banking sector and reveal the critical price levels investors need to watch.
With Commonwealth Bank CEO Matt Comyn forecasting a potential 9% decline in house prices, mortgage stress increasing and bank valuations remaining elevated, the outlook is becoming increasingly uncertain.
Commonwealth Bank (ASX: CBA) is trading between $150 and $180, with a break below $150 potentially opening the door to much deeper falls towards $120 or even $100.
ANZ (ASX: ANZ) is showing greater resilience, although a sustained move above $39 is needed to strengthen its bullish outlook.
National Australia Bank (ASX: NAB) faces growing selling pressure, with a failure to reclaim $42 potentially signalling further weakness towards $31–$32.
Meanwhile, Westpac (ASX: WBC) remains vulnerable, with $33–$34 emerging as a crucial support zone. A breakdown could expose the stock to further declines.
Filip and Pedro explain why relying on dividends alone can be dangerous and how investors can use technical analysis to identify whether Australia’s banks are approaching a recovery or a deeper correction.
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