Short USDCOP, a new trend has begun

22 февр. 2016 г.

Last week the dollar broke its medium-term uptrend. With a further rise in rates from the Banco de la República, the intention to enable auction sales with a rise of 3% compared to the TRM average of 20 days and the recovery of oil, vendors will have control of the market during this week.
The $ 3,380 is the new resistance level, so while below this level, the chance to correct to 3,125 levels is high.