USD/COP may fall to 3582.60 - 3660.90

Our pivot point is at 3922.70.

Our preference

The downside prevails as long as 3922.70 is resistance.

Alternative scenario

Above 3922.70, look for 4054.30 and 4132.60.

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 3878.10 and 3867.80).

Supports and resistances

4132.60 **

4054.30 *

3922.70 **

3871.00

3817.46 last

3660.90

3582.60 **

3504.30 *

3425.90 **

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