USD/COP may fall to 3655.20 - 3750.70

Our pivot point is at 4071.00.

Our preference

The downside prevails as long as 4071 is resistance.

Alternative scenario

Above 4071, look for 4231.60 and 4327.20.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4072 and 3978).

Supports and resistances

4327.20 **

4231.60 *

4071.00 **

4008.00

3944.87 last

3750.70

3655.20 **

3559.70 *

3464.20 **

Number of asterisks represents the strength of support and resistance levels.