© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: High Chance Core CPI Will Fall Below 2% - Ueda

MNI: PBOC Net Injects CNY35 Bln Via OMOs Tuesday

CHINA PBOC INJECTS CNY37 BILLION VIA 7-DAY REVERSE REPOS TUES

Australia April Total Dwelling Approved -8.1%

MNI: AUSTRALIA APR BUILDING APPROVALS -8.1% M/M, -24.1% Y/Y

MNI: AUSTRALIA APR DWELLING APPROVALS -8.1% M/M

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Price Signal Summary - USDCLP Approaching The Bear Trigger

LATAM FX
EM BulletHomepagemarkets-real-timeBulletEmerging Markets News
  • USDMXN is consolidating, but the downtrend remains intact and the pair is trading at its recent lows. The bearish extension last week confirmed a recent bear flag formation on the daily chart and this reinforces the current downtrend. The move lower also confirms a continuation of the broader bearish price sequence of lower lows and lower highs. Moving average studies are in a bear mode set-up, highlighting current sentiment. The focus is on 17.9401, the Apr 17, 2018 low. A break of this level would open 17.5746, the Aug 25 2017 low. The 20-day EMA, at 18.3872, is the first resistance.
  • Short-term conditions in USDBRL are unchanged and appear bullish despite the recent pullback from 5.3073, the Feb 10 high. A resumption of gains would open 5.3518 next, the 76.4% retracement of the Jan 4 - Feb 2 bear leg. On the downside, initial support to watch lies at 5.1106, the Feb 23 low. A break of this level would instead signal scope for a return to 4.9410, the Feb 2 low.
  • USDCLP continues to trade lower and has breached the 800.00 handle. A continuation would expose support and the bear trigger at 776.28, the Mar 2 low. A break of this level would confirm a resumption of the broader downtrend and this would open 771.89, the Mar 29 2022 low. Key resistance has been defined at 836.45, the Feb 27 high, where a break is required to reinstate the recent bullish theme.
243 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • USDMXN is consolidating, but the downtrend remains intact and the pair is trading at its recent lows. The bearish extension last week confirmed a recent bear flag formation on the daily chart and this reinforces the current downtrend. The move lower also confirms a continuation of the broader bearish price sequence of lower lows and lower highs. Moving average studies are in a bear mode set-up, highlighting current sentiment. The focus is on 17.9401, the Apr 17, 2018 low. A break of this level would open 17.5746, the Aug 25 2017 low. The 20-day EMA, at 18.3872, is the first resistance.
  • Short-term conditions in USDBRL are unchanged and appear bullish despite the recent pullback from 5.3073, the Feb 10 high. A resumption of gains would open 5.3518 next, the 76.4% retracement of the Jan 4 - Feb 2 bear leg. On the downside, initial support to watch lies at 5.1106, the Feb 23 low. A break of this level would instead signal scope for a return to 4.9410, the Feb 2 low.
  • USDCLP continues to trade lower and has breached the 800.00 handle. A continuation would expose support and the bear trigger at 776.28, the Mar 2 low. A break of this level would confirm a resumption of the broader downtrend and this would open 771.89, the Mar 29 2022 low. Key resistance has been defined at 836.45, the Feb 27 high, where a break is required to reinstate the recent bullish theme.