Free Trial

USDCLP Gathers Momentum Below 800, Looks To Test Jan Lows

CHILE
  • 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.

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.