FXMarketAlerts Team
FXMarketAlerts
Published at 13:20 (GMT) 29 Aug
13::20 GMT - USD/CLP has seen a sharp intraday selloff now after nearlytesting the big 61.8% level at 596.05. Though, it is way too soon to suggest that the mini-bubble is popping. We would still expect a very sharp S/T selloff if there is confirmation that the mini-bubble is popping. 1st stop downside would be 585.58 followed by 579.12. R.Z
R5: 600 ** figure
R4: 596.05 ** 61.8% from Nov '08
R3: 595.74 * 29 Aug high
R2: 595 projection
R1: 594.7 28 Aug high
S1: 585.58 * 20 Aug high
S2: 579.12 * 06 Aug high
S3: 576.67 18 Aug close
S4: 572.5 * 11 Aug low
S5: 570 figure
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