USD/CLP may rise to 947.92 - 970.46

Our pivot point is at 873.10.

Our preference

Rebound towards 970.46.

Alternative scenario

Below 873.10, expect 835.24 and 812.71.

Comment

The RSI is below its neutrality area at 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 907.68 and 937.37).

Supports and resistances

1015.53 **

992.99 *

970.46 **

947.92

902.85 last

887.98

873.10 **

835.24 *

812.71 **

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