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TECHS: LatAm FX Price Signal Summary: USD Remains Firm

  • USDMXN is holding onto this week's gains.
    • The pair has confirmed a clear break of resistance at 20.2631, Jan 11 high.
    • This paves the way for a climb towards 20.50 ahead of 20.6641, the Dec 21 high.
    • Initial support is at 19.950, the 20-day EMA.
  • USDBRL maintains a firmer posture.
    • The pair this week found support at the 50-day EMA - Tuesday's low was at 5.3133, just below the average.
    • The ability to hold above this average is a positive development - technical indicators continue to highlight a bullish backdrop.
    • Attention is on 5.5262, Jan 25 high. A break would open 5.5733, the Nov 6 high.
    • 5.3133 marks support, Jan 21 low.
  • USDCLP maintains a bullish tone despite yesterday's pullback. 711.00 provided strong support on Jan 21 and following this week's gains, attention has turned to resistance at 751.20, the Jan 13 high.

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