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(Z1) Off Lows, But Remains Weak


Still Vulnerable


Bullish Price Sequence

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  • USDCLP is climbing once again and trading above former key resistance at 795.73, Aug 9 high. The break higher confirms a resumption of the uptrend that started May 10 of this year with a bullish price sequence of higher highs and higher lows intact. Furthermore, moving average studies are in a bull-mode position, reinforcing the current trend condition. The focus is on 800.00 and 803.49, Oct 15, 2020 high. Firm short-term support lies at 777.48, Sep 15 low.
  • USDMXN is consolidating and holding above last week's low. A bullish theme remains intact following recent gains and scope is seen for a climb towards key resistance at 20.4564, Aug 20 high and an important bull trigger. On the downside, a break of 19.8004, Jul 30 low is required to reinstate a bearish threat. Initial support is at 19.9368, Sep 22 low.
  • USDBRL remains below recent highs but the trend needle still points north. A resumption of gains would clear the way for a climb towards 5.4741, Aug 20 high. Key short-term support has been defined at 5.1163, Aug 31 low. A break would be bearish