Friday, October 16, 2026

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USD/CLP capped at 50-DMA by 623.29

Source: Thomson Reuters USD/CLP bounces off early NY high near 623, capped at 50-DMA by 623.29 Above eyes 629.80 61.8% Fib of 643.33-607.92 range, then daily cloud top near 625 Weak China trade data, lower imports & expo…

By Jay L. Zagorsky
1 min read
USD/CLP capped at 50-DMA by 623.29
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Source: Thomson Reuters


  • USD/CLP bounces off early NY high near 623, capped at 50-DMA by 623.29

  • Above eyes 629.80  61.8% Fib of 643.33-607.92 range, then daily cloud top near 625

  • Weak China trade data, lower imports & exports, weigh on global growth outlook

  • Copper down 0.4%, UST yields off early highs, marts eye H2 US rate liftoff

  • USD/CLP support lies at 618.32 daily pivot

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