INSUBCONTINENT EXCLUSIVE:
The US dollar lost ground against the Chilean peso on June 19, 2025, closing near 940 after failing to hold above 950 earlier in the
week.Official exchange data confirm a clear downward move, with the dollar falling from intraday highs above 949 to a close at 940.49
attempts by the dollar to break through the 950 resistance
Bollinger Band converged.Sellers stepped in aggressively, pushing the pair lower as the MACD histogram turned down and the RSI retreated
from overbought territory
The daily chart reinforces this bearish momentum, with the price closing below the 50-day and 100-day moving averages.The MACD on the daily
timeframe remains negative, and the RSI slipped to 50, reflecting a loss of bullish conviction
Volume analysis on both timeframes shows a spike in activity during the selloff, confirming that the move was driven by real flows rather
than thin market conditions.Dollar Retreats Against Chilean Peso as Sellers Dominate Key Resistance
(Photo Internet reproduction)No significant ETF inflows or outflows were reported, suggesting that spot and futures traders led the action
steady inflation and a stable economic outlook
Official data show inflation running at 4.5% in April, with core inflation below 4%.Copper prices, a key driver for the peso, remained
stable, supporting local sentiment
Traders noted that the next support lies near 938, with further downside possible if macro conditions remain favorable for the peso.The lack
of a sustained breakout above resistance and the confirmation from multiple technical indicators convinced many that the path of least
fundamentals and technical signals, triggered a decisive move in favor of the peso.The market now watches for confirmation of this trend in
the coming sessions, with attention on both US data and Chilean economic releases
