Economy / Chile
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CLP: Stuck In The Middle
September 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Chilean peso appears to be rangebound between support at CLP540.00/US$ and resistance at CLP525.00/US$. Indeed, the unit has been trading in a slight uptrend within this range over the past few weeks, and having bounced off support earlier this month (as shown in the chart below), may now be headed toward its higher