INSUBCONTINENT EXCLUSIVE:
TradingView data reveals the USD/COP exchange rate at 4,353.4 on April 11, 2025, at 9:09 AM CEST
This stability masks deeper economic challenges for Colombia.On April 10, the peso faced a turbulent day as the exchange rate dropped to
It then surged to 4,395.2, a 182-pip jump, before settling at 4,353.4.Overnight, the pair tested resistance at 4,360 but held steady at
falling to 64.21 USD per barrel on April 10
Global demand fears and US tariff policies worsen the situation.Struggles Against US Dollar Amid Global Pressures on April 11, 2025
This move, paired with a US dollar index rise to 102.72, fuels recession fears.JPMorgan analysts warn of a potential global economic
The peso, already down 5.5% since March from 4,125, feels the heat
carry trades but risk corrections amid global volatility
This vulnerability keeps traders on edge.Technical Setup and Market SentimentTechnically, the USD/COP pair trades between the 50-period
moving average at 4,350.7 and the 200-period at 4,367.7
A symmetrical triangle pattern on the 1-hour chart hints at a breakout.The 14-day RSI at 56.20 shows moderate momentum, while support lies
at 4,328.9 and resistance at 4,395.2
Market makers observe strong dollar demand from corporate clients hedging imports.Spot market volumes hit 1.2 billion USD on April 10, up
Colombian peso-focused ETFs see modest outflows, while dollar-based funds gain inflows, reflecting a risk-off mood.Looking ahead, traders
eye US economic data and oil price trends for direction
A break above 4,367.7 could push the pair to 4,395.2, while a drop below 4,350.7 may test 4,328.9.Trading Economics forecasts a rate of
4,251.13 by quarter-end, but current pressures suggest a tougher road
Investors remain cautious, awaiting catalysts that could shift the balance in this volatile market.
