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USDCLP Reaches A Key Resistance

CHILE
  • USDCLP has seen considerable strength over the past two trading sessions. Initial resistance was seen at 807.73, the former trendline support which was firmly broken and the pair is currently testing a key short-term resistance at 818.63.
  • A sustained breach of this level may extend the local currency weakness with 832.80 the most obvious initial target for USDCLP

MNI/Bloomberg

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