USD/COP may rise 2528 - 3788 pips

Our pivot point stands at 3997.10.

Our preference

Rebound towards 4051.70.

Alternative scenario

The downside breakout of 3997.10 would call for 3975.90 and 3963.20.

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 stands below its 20 and 50 period moving average (respectively at 4014.20 and 4018.70).

Supports and resistances

4077.00 **

4064.40 *

4051.70 **

4039.10

4013.82 last

4005.50

3997.10 **

3975.90 *

3963.20 **

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