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Price of the Dollar in Chile today, Tuesday, June 11: The Chilean Peso depreciates while the American Dollar (DXY) reaches one-month highs

  • USD/CLP has broken the technical resistance of 920.00 and is getting ready to reach the key level of 940.00.
  • The Dollar Index (DXY) operates at levels not seen since May 14.

The USD/CLP started the European session recording a daily low at 920.44, reacting higher and reaching a daily high at 926.17. Currently, the price of the US Dollar against the Chilean Peso is trading at 924.53, gaining 0.39% on the day.

Dollar Index (DXY) Hits One-Month Highs Awaiting Fed Rate Decision

The DXY has reacted higher from the key support at 104.00. Today it registered a low at 105.09, finding buyers who took the US Dollar to a daily high of 105.46, a level not seen since May 14, gaining 0.23%.

USD/CLP has formed a series of higher lows, marking its third consecutive session higher and breaking the psychological barrier at 920.00, targeting the key level at 940.00.

Technical levels in the USD/CLP

The closest support is at 900, the June 5 session low. The next key support is seen at 881.85, the low of May 20. The nearest resistance lies at 940.00, given by the pivot points converging with the 50% Fibonacci retracement. The next resistance is in the area between 965.00 and 960.00, given by the 23.6% Fibonacci retracement.

Chilean Peso daily chart

Source: Fx Street

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