USD/CLP may rise to 964.81 - 987.24

Our pivot point is at 890.34.

Our preference

Rebound.

Alternative scenario

The downside breakout of 890.34 would call for 852.66 and 830.23.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (905.37) but under its 50 period moving average (931.04).

Supports and resistances

1032.11 **

1009.67 *

987.24 **

964.81

919.95 last

905.15

890.34 **

852.66 *

830.23 **

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