USD/COP may rise to 4327.10 - 4414.40

4037.40 is our pivot point.

Our preference

The upside prevails as long as 4037.40 is support.

Alternative scenario

Below 4037.40, expect 3890.80 and 3803.60.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4033.70 and 4040.70).

Supports and resistances

4588.90 **

4501.60 *

4414.40 **

4327.10

4152.61 last

4095.00

4037.40 **

3890.80 *

3803.60 **

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