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USDCOP Approaching 3,750 Zone - Possible Rejection Area
USDCOP is currently trading near the 3,700–3,720 area after a recent corrective bounce. The broader structure still looks bearish, as the pair has been forming lower highs over the past months and remains under key longer-term resistance levels. The recent rally appears more like a pullback inside the overall downtrend rather than the start of a new bullish move. From a technical perspective, the 3,720–3,750 zone stands out as an important resistance area where sellers may step back in. If price shows rejection in this region, it could offer a short opportunity with a continuation toward lower support levels. The first downside target would be around 3,660, followed by 3,620, and potentially 3,580 if bearish momentum accelerates. A potential trade idea would be looking for short positions in the 3,720–3,750 range with a stop loss above 3,820 to protect against a stronger bullish breakout. As long as price remains below that level, the bearish continuation scenario remains valid. However, if USDCOP manages 2026.03.11 11:49 0
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