USD/COP may rise 2220 - 3330 pips

Our pivot point is at 4250.80.

Our preference

Rebound towards 4298.80.

Alternative scenario

Below 4250.80, expect 4232.20 and 4221.10.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4266.20 and 4270.60).

Supports and resistances

4321.00 **

4309.90 *

4298.80 **

4287.70

4265.50 last

4258.20

4250.80 **

4232.20 *

4221.10 **

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