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USD/CLP reverses post-retail sales high, weak copper weighs

USD/CLP hovers by 631.50, reverses post-retail sales flash high by 635 Weak copper (-2.25%) weighs on CLP, lower UST yields slows USD ascent 635.20 daily pivot resistance, 640.58 upper 21-d Bolli, 643.33 2015 high SASE I…

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  • USD/CLP hovers by 631.50, reverses post-retail sales flash high by 635 

  • Weak copper (-2.25%) weighs on CLP, lower UST yields slows USD ascent

  • 635.20 daily pivot  resistance, 640.58 upper 21-d Bolli, 643.33 2015 high

  • SASE Index rallies, RM unwinds recent stock sales, sells USD/CLP  (hedge)

  • Bearish shooting star developing, await confirmation

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