USD/CLP may rise to 1000.86 - 1023.14

Our pivot point stands at 926.89.

Our preference

The upside prevails as long as 926.89 is support.

Alternative scenario

Below 926.89, expect 889.46 and 867.18.

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 934.65 and 928.10).

Supports and resistances

1067.70 **

1045.42 *

1023.14 **

1000.86

956.30 last

941.60

926.89 **

889.46 *

867.18 **

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