USD/CLP may fall to 847.70 - 868.06

Our pivot point is at 935.66.

Our preference

The downside prevails as long as 935.66 is resistance.

Alternative scenario

Above 935.66, look for 969.86 and 990.22.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 932.84 and 920.57).

Supports and resistances

990.22 **

969.86 *

935.66 **

922.22

908.78 last

868.06

847.70 **

827.34 *

806.97 **

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