Chile’s Peso Stays Firm As USD/CLP Tests The Mid-860s, While IPSA Holds Near Records

Key Points

• USD/CLP traded around 866 this morning, below the official observed reference of 870.71.
• The 4-hour, daily, and weekly charts all show an oversold dollar, but momentum remains negative.
• Chilean equities start the week near record levels, after a strong January run.

The Chilean peso began Monday with the dollar still pinned near the lows. Your TradingView feed showed USD/CLP around 866.22, after printing a 4-hour range between roughly 871.7 and 854.2.

Other market dashboards were in the same area, with spot quotes near 866.6–866.9. The central bank’s published “dólar observado” for January 26 was 870.71, which reflects the prior banking day’s transactions.

The charts explain why traders are cautious even as the peso keeps winning. On the 4-hour chart, RSI sat near 21.4, with the signal line around 31.9. That is extreme oversold territory.

MACD also stayed negative, reinforcing a downtrend rather than a clean reversal. The daily chart showed RSI near 27.5, with the longer average near 34.9. The weekly chart was even more stretched, with RSI near 23.0.

Price levels matter more than opinions in this setup. Immediate support is the 866–865 zone, which has now been tested repeatedly.

The next major level is the 854 area, the recent swing low. On the upside, the first resistance band sits around 869–872. A stronger rebound would need to clear the 879–885 zone. Above that, the 890–893 region becomes the next technical ceiling.

Equities are entering the week from a position of strength. The IPSA last closed at 11,500.10, down just 0.07% on the day. The weekly candle still showed a gain of about 3.1%. Momentum is positive, but it is also stretched.

The daily RSI was near 79.2, and the weekly RSI near 86.4. The 4-hour RSI was around 72.4. Those readings often precede consolidation rather than immediate collapse.

With Santiago coming off the weekend, Friday’s tape gives the cleanest snapshot of leadership.

Top Winners (Stocks, last session)

• LATAM (LTM) +1.43%
• SQM-B +1.24%
• Cencosud +1.16%
• CCU +1.03%
• SMU +0.80%

Top Losers (Stocks, last session)

• Mallplaza -3.31%
• CMPC -3.23%
• Aguas-A -2.75%
• CAP -2.17%
• Parque Arauco -1.32%

This is part of The Rio Times’ daily coverage of Chilean markets and Latin American financial news.

For context on regional markets, see Brazil’s Ibovespa for the same session.

Also tracking regional peers: Colombia’s COLCAP closed the same session.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error