- Investors will focus their attention on Austan D. Goolsbee's speech and the Fed minutes.
- The Chilean Peso shows buying interest after reaching the May 20 low at 881.85.
USD/CLP opened at 888.51 and posted a daily high of 896.09 in the European session. Currently, it is trading at 896.43, gaining 0.88%, with a clear intention to explore higher levels.
Investors will focus on Austan D. Goolsbee's speech and Federal Reserve minutes
Austan D. Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, will deliver a keynote address at a Symposium hosted by the Bank. At the close of the American session, the Fed minutes will be published. Clues are expected regarding the moderation of inflation, certainty in the rate cut and important movements in the Dollar that could affect the price of the Chilean Peso.
Technical levels in the Chilean Peso
The first support in the medium term is found at 881.85, the minimum of the session on May 20. The next support is at 838.89, the pivot point of November 2, 2023. The closest resistance in the medium term is at 960.50, the maximum of May 1, in confluence with the 23.6% Fibonacci retracement.
Chilean Peso 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.
