JulianVillamizar
Short

Possible correction in the USDCOP

FX_IDC:USDCOP   US DOLLAR / COLOMBIAN PESO
The inverse correlaion between oil             and the dollar remains , therefore fell last week nearly 140 pesos.

With falls on Thursday and Friday a pattern of bearish candles known as "Techo en Pinzas" was formed. This move leaves the 3,320 as a resistance .

While the dollar does not close above 3,320 , there is a likelihood of a correction towards 3,120 or 3,060 ; Prices in this area are above previous minimum and the uptrend line , which act as support areas.

If the dollar closed above 3,330 , it is likely that the upward trend comes back and the dollars set a new high.
On which broker can you trade in USD/COP??
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Only with Colombian firms, with a lot of restrictions, not as easy a forex plataforms.
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Jackkiej JulianVillamizar
I have a friend who lives there, can you tell me the firm? Thanks in advance!
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Credicorp Capital SA is the best.
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Jackkiej JulianVillamizar
Great! Thank you!
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