USD/CLP may rise to 991.03 - 1013.56

Our pivot point is at 916.23.

Our preference

The upside prevails as long as 916.23 is support.

Alternative scenario

Below 916.23, expect 878.38 and 855.84.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 932.22 and 925.04).

Supports and resistances

1058.63 **

1036.10 *

1013.56 **

991.03

945.97 last

931.10

916.23 **

878.38 *

855.84 **

Number of asterisks represents the strength of support and resistance levels.