USD/CLP may rise to 941.13 - 961.54

Our pivot point is at 873.35.

Our preference

Rebound towards 961.54.

Alternative scenario

The downside breakout of 873.35 would call for 839.06 and 818.65.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 915.89 and 943.94).

Supports and resistances

1002.37 **

981.95 *

961.54 **

941.13

900.30 last

886.83

873.35 **

839.06 *

818.65 **

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