USD/CLP may rise to 981.33 - 1003.90

Our pivot point is at 906.04.

Our preference

The upside prevails as long as 906.04 is support.

Alternative scenario

Below 906.04, expect 868.13 and 845.56.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 914.12 and 929.28).

Supports and resistances

1049.05 **

1026.48 *

1003.90 **

981.33

936.18 last

920.94

906.04 **

868.13 *

845.56 **

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