USD/CLP may rise to 963.20 - 980.72

Our pivot point stands at 905.03.

Our preference

The upside prevails as long as 905.03 is support.

Alternative scenario

Below 905.03, expect 875.60 and 858.08.

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 919.27 and 924.37).

Supports and resistances

1015.76 **

998.24 *

980.72 **

963.20

928.16 last

916.60

905.03 **

875.60 *

858.08 **

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