- USD/CLP maintains the bearish trend after finding sellers in the 920.00-915.00 area
- The price of copper registered a drop of 3.12% today.
The USD/CLP opened the European session at 902.20, the low of the day. Later, it marked a high at 910.00, where it found sellers that took the pair to currently trading at 906.67, gaining 0.25% daily.
The Chilean Peso evaluates the next movement while copper registers a significant fall
USD/CLP reacted lower at the key resistance of 920.00-915.00. The Chilean peso remains oscillating against the US dollar, evaluating the next directional movement pending economic data from the United States that may affect its price.
Copper registers a fall of 3.12% today, trading at 4.51 and approaching the key support of 4.42, the minimum of May 2.
Technical levels in the USD/CLP
USD/CLP has respected the resistance of 920.00. The nearest support zone is at 880.00-875.00, converging with the 23.6% Fibonacci retracement. The next support is at 838.89, the session low of November 2.
USD/CLP Daily Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
