USD/CLP may rise to 959.24 - 976.67

901.37 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 901.37 would call for 872.09 and 854.66.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (919.24) but under its 50 period moving average (926.23).

Supports and resistances

1011.53 **

994.10 *

976.67 **

959.24

924.38 last

912.88

901.37 **

872.09 *

854.66 **

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