USD/CLP may rise to 990.39 - 1013.91

Our pivot point is at 912.32.

Our preference

The upside prevails as long as 912.32 is support.

Alternative scenario

Below 912.32, expect 872.81 and 849.29.

Comment

The RSI is above 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 933.44 and 922.11).

Supports and resistances

1060.94 **

1037.43 *

1013.91 **

990.39

943.36 last

927.84

912.32 **

872.81 *

849.29 **

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