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 trend condition remains bearish following its recent sell-off and price is trading closer to its latest lows. The break of key support at 16.7852, the Jan 8 low, confirmed a resumption of the downtrend and has opened 16.6262, the Jul 28 2023 low. A break of this level would open 16.4218, the 1.236 projection of the Dec 5 - Jan 8 - Jan 17 price swing. On the upside, a clear reversal higher would refocus attention on 17.3860, the Jan 17 high and a bull trigger. Initial resistance is at 16.8969, the 20-day EMA.
  • USDBRL bullish conditions remain intact and attention is on key resistance at 5.0017, the Jan 23 high. This level has again been pierced. A clear break of it would open 5.0609, 61.8% of the Oct 6 - Dec 27 bear leg. Initial key support to watch lies at 4.9025, the Jan 26 low. A break would be bearish.
  • USDCLP medium-term trend conditions remain bullish and the latest move lower is considered corrective. The pair has breached the 20-day EMA and attention is on support around the 50-day EMA, at 947.57. This average has been pierced. A clear break of it would signal slope for a deeper retracement, towards 922.80, the 50.0% retracement of the Dec 1 - Feb 26 rally. Initial resistance is seen at 961.43, the 20-day EMA. A clear break of this average would be a bullish development and open the bull trigger at 990.67, the Feb 26 high.
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.