USD/COP may rise to 4266.90 - 4359.20

Our pivot point is at 3960.70.

Our preference

The upside prevails as long as 3960.70 is support.

Alternative scenario

Below 3960.70, expect 3805.80 and 3713.50.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4015.20 and 3933.40).

Supports and resistances

4543.70 **

4451.40 *

4359.20 **

4266.90

4082.47 last

4021.60

3960.70 **

3805.80 *

3713.50 **

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