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TECHS: Price Signal Summary: USDCLP Needle Points North

LATAM FX
  • USDMXN is consolidating. The outlook remains bearish. Attention is on key support at 19.5987, Jun 9 low where a break would strengthen a bearish case and open 19.5494, Jan 21 low. Price needs to get above 20.2153, Jun 24 high to alter the picture.
  • USDCLP has rallied this week and remains bullish. Attention is on the key resistance and bull trigger at 757.60, Jun 22 high. This level was probed yesterday. A clear break would confirm a resumption of the recovery that started May 10 and open 769.99, Nov 30, 2020 high. Key support is at 722.25, Jun 30 low.

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