USD/CLP may rise to 998.67 - 1021.48

Our pivot point is at 922.97.

Our preference

The upside prevails as long as 922.97 is support.

Alternative scenario

Below 922.97, expect 884.66 and 861.86.

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 above its 20 and 50 period moving average (respectively at 938.11 and 932.80).

Supports and resistances

1067.08 **

1044.28 *

1021.48 **

998.67

953.07 last

938.02

922.97 **

884.66 *

861.86 **

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