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USDCLP Gathers Momentum Below 800, Looks To Test Jan Lows

  • USDCLP continues to make ground below 800, unaffected by broader global themes on Thursday. The focus is on 793.46, the Jan 27 low and a bear trigger. A break of this level would confirm a resumption of the downtrend and open 788.22, the Nov 10 low ahead of 783.23, the 50.0% retracement of the May - Dec 2021 upleg.
  • Chile’s Constitutional Convention will begin voting “article by article” on several proposals previously approved in committees.

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