USD/COP may rise 2543 - 3813 pips

Our pivot point stands at 4017.10.

Our preference

Rebound towards 4072.00.

Alternative scenario

Below 4017.10, expect 3995.80 and 3983.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (4033.30) but under its 50 period moving average (4040.70).

Supports and resistances

4097.40 **

4084.70 *

4072.00 **

4059.30

4033.87 last

4025.50

4017.10 **

3995.80 *

3983.00 **

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