USD/CLP may rise to 982.20 - 1001.04

919.62 is our pivot point.

Our preference

The upside prevails as long as 919.62 is support.

Alternative scenario

Below 919.62, expect 887.96 and 869.11.

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 927.44 and 933.85).

Supports and resistances

1038.74 **

1019.89 *

1001.04 **

982.20

944.50 last

932.06

919.62 **

887.96 *

869.11 **

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