Published at 11:15 (GMT) 17 Apr
11::15 GMT - USD/CLP still looks to be on the verge of a breakdown at 607.92 and now we wait to see if such a break can take shape in the hours ahead. Would still need to see a close below the 607.92 level in order to confirm that the next projected leg loweris in fact taking shape. If seen then look to 605.50 and then the 200 -day MA at 602.33. R.Z
R5: 634.65 * 30 Jan high
R4: 631.8 * 11 Feb high
R3: 622.64 13 Apr high
R2: 621.73 * 50-day MA
R1: 619.51 * 100-day MA
S1: 609.2 16 Apr low
S2: 607.92 06 Apr low
S3: 605.5 projection
S4: 602.33 ** 200-day MA
S5: 600 * figure
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