USD/COP may fall to 3771.80 - 3856.90

Our pivot point stands at 4140.40.

Our preference

The downside prevails as long as 4140.40 is resistance.

Alternative scenario

Above 4140.40, look for 4283.40 and 4368.50.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4062.10 and 4067.40).

Supports and resistances

4368.50 **

4283.40 *

4140.40 **

4084.20

4028.00 last

3856.90

3771.80 **

3686.60 *

3601.50 **

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