MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - USDCLP Pullback Considered Corrective

LATAM FX
  • The USDMXN outlook remains bearish and moving average studies continue to highlight a downtrend. A resumption of weakness would expose the next key short-term support at 19.7533, Sep 12 low. Clearance of this level would strengthen bearish conditions and pave the way for a move towards 19.6185, the Jun 10 low. On the upside, a strong reversal higher would instead refocus attention on 20.5804, the Sep 28 high.
  • USDBRL is trading closer to its recent highs despite today’s pullback. Attention is on resistance at 5.4286, the Sep 29 high. Clearance of this level would expose 5.5142, the Jul 21 high and a key resistance. On the downside, key short-term support is unchanged at 5.1121, the Oct 4 low. A break lower would instead highlight a bearish development.
  • USDCLP traded lower Tuesday and remains below its recent high of 992.13 (Oct 21). Despite the pullback, the outlook remains bullish. Sights are on key resistance at 996.97, the Sep 26 high. A break of this level would open 1000.00 and 1061.00 further out, the Jul 14 high. The 50-day EMA, at 939.54, is a key support. A clear break of the average would undermine the bullish theme and instead suggest scope for a deeper reversal. This would clear the way for 900.00 initially.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why 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.