Colombia’s peso under pressure from Turkey’s Lira?

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Fears that Turkey’s Lira crisis will drag down the currencies of emerging markets, compounded by falling global oil prices, pushed the Colombian peso to trade at $3,050 to the U.S dollar on Wednesday, and level not seen since June 2017. There is a potential for a breakout above 3500cop into the 4k-5k range.

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Will 9/18 M candle close green? I'll stay tuned.

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3206cop hit.

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Pretty much dead on. Venezuelan humanitarian crisis and coup is going to possibly further devalue to cop relative to usd. :(

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Not looking good for the peso

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At 3338 it looks like the cop is going to break through the previous high and venture in unknown territory.

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A major decision point for the Peso here in the 3500's. A push with volume could mean a break of the upper resistance and into a new range of valuation.

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Up we go. This has been an interesting trade.

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Breaking the barrier