Both teams headed into the match with six points, with the winner of the contest assured advancing as the Group B runners-up behind Brazil.

There was little to choose between the two teams in the first-half, leaving the match appearing destined to be level at the break.

Argentina instead went into half-time in front after they were awarded a penalty, converted by Soledad Jaimes.

A second-half penalty was then scored by Estefanía Banini, giving Argentina a two goal cushion with 30 minutes of the match remaining.

Venezuela proved unable to muster a response, bowing out of the competition by ending third in the group.

Paraguay, third in Group A, secured a place at the Lima 2019 Pan American Games due to earning one more point than Venezuela.

Brazil rounded off their group campaign in impressive style, thrashing winless Bolivia.

Andressinha and Erika both scored twice for the defending champions, while Andressa Alves, Millene and Aline Milene all found the net to complete a 7-0 win.

Brazil are now due to contest the final stage of the tournament with Argentina, hosts Chile and Group A winners Colombia.

The tournament champion will qualify for the 2019 FIFA Women's World Cup and the 2020 Olympic Games in Tokyo 2020 and the Pan American Games in Lima next year.

The second team will also qualify for the World Cup and Pan American Games but will only be given an Olympic qualification playoff spot, where they will come up against an African team.

The third place team will be given a World Cup play-off place, where they would face a team from the Americas and a spot at Lima 2019.

The team bottom of the final table will be out of Olympic and World Cup contention and will have to settle for just a slot at the Pan American Games.