USDCOP: Ranging for Direction

Weekly price is below 200 SMA in the bearish area of the chart: the price is on ranging within 200 SMA and 3608 support waiting for the direction of the primary bearish trend to be resumed with 3402 possible target to re-enter or the bullosh reversal to be started in case the price breaks 200 SMA on close weekly bar for example. Summary: ranging waiting for direction.