USD/COP may rise 2368 - 3548 pips

Our pivot point is at 4021.10.

Our preference

The upside prevails as long as 4021.10 is support.

Alternative scenario

Below 4021.10, expect 4001.20 and 3989.40.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4034.80 and 4033.90).

Supports and resistances

4095.90 **

4084.00 *

4072.20 **

4060.40

4036.72 last

4028.90

4021.10 **

4001.20 *

3989.40 **

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