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CHILE: USDCLP Extends Gains, Approaching Resistance At The 50-Day EMA

CHILE
  • USDCLP has gradually extended gains through Thursday’s session, with the pair up 1% on the day around 921. The move comes amidst a 2.5% pullback in copper prices and 4% jump in crude on the back of Biden’s discussion of Iranian oil facility strikes.
  • Initial firm resistance is seen at 924.68, the 50-day EMA.
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  • USDCLP has gradually extended gains through Thursday’s session, with the pair up 1% on the day around 921. The move comes amidst a 2.5% pullback in copper prices and 4% jump in crude on the back of Biden’s discussion of Iranian oil facility strikes.
  • Initial firm resistance is seen at 924.68, the 50-day EMA.