USD/CLP may rise to 982.48 - 1003.96

911.18 is our pivot point.

Our preference

The upside prevails as long as 911.18 is support.

Alternative scenario

The downside breakout of 911.18 would call for 875.10 and 853.63.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 929.45 and 931.46).

Supports and resistances

1046.91 **

1025.43 *

1003.96 **

982.48

939.53 last

925.36

911.18 **

875.10 *

853.63 **

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