US Dollar vs Colombian Peso consolidates as traders await upcoming US non-farm payrolls report

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US dollar gains 0.50% vs Colombian peso

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Dan Blystone

02.06.2026

US Dollar vs Colombian Peso consolidates as traders await upcoming US non-farm payrolls report — US dollar gains 0.50% vs Colombian peso

US Dollar vs Colombian Peso (USD/COP) is trading at COL$3,579.18, posting a 0.50% gain for the day. The pair remains below its key moving averages, suggesting a tentative shift in near-term sentiment.

USD/COP price prediction

24H -0.16%

3572.07

48H -0.22%

3569.86

7D -0.02%

3576.88

1M 1.33%

3625.15

3M -1.82%

3512.64

6M -9.51%

3237.21

12M -14.96%

3042.39

Detailed

Current price: COP 3577.62 3.74 0.10%

Real-time Data 17:10

Daily range 3562.60

3580.63

Weekly range 3541.15

3725.19

Highlights

US-Iran talks on reopening the Strait of Hormuz are in focus, potentially shifting risk sentiment and safe-haven USD flows.
Upcoming US labor market data and a Bank of Japan policy speech may significantly influence global currency direction and USD demand.
USD/COP remains under selling pressure, with technicals indicating a likely decline toward COL$3,540–COL$3,670 and resistance near COL$3,685.

Geopolitical tensions and US data shape flows into the dollar

Investors are closely following US-Iran negotiations related to the potential reopening of the Strait of Hormuz, a key geopolitical development with the capacity to alter risk sentiment and influence safe-haven demand for the US dollar. In addition, markets are awaiting crucial US Labor Department data, including job openings and the monthly non-farm payrolls report, which are likely to affect expectations for future Federal Reserve policy moves and therefore impact currency flows into the USD. The upcoming speech by the Bank of Japan Governor later this week may also provide directional cues for global currency markets.

Diverging momentum and oversold signals as price hits resistance

On the technical front, USD/COP remains below the SMA-20 (COL$3,718.05), SMA-50 (COL$3,668.86), and SMA-200 (COL$3,712.80), with the Ichimoku Kijun at COL$3,684.76 acting as immediate resistance. Momentum indicators on the daily timeframe, including MACD and ADX, remain in 'Sell' territory. Both RSI and CCI signal oversold conditions, while the Stoch RSI continues at its lowest reading. Interestingly, BBP highlights emerging intraday buyer dominance with overbought readings. Price action started with a flat open and now sits near the session’s high of COL$3,579.97, within a moderate volatility environment. The divergence between oversold oscillators and short-term buyer strength suggests the possibility of a pause or minor retracement against the broader downward trend.

Limited breakout risk amid prevailing consolidation range

For the next five sessions, USD/COP is likely to fluctuate within the COL$3,540 to COL$3,670 range, consistent with recent volatility. The probability of a break to the upside is seen as low (less than 20%), implying that further downside or sideways movement is the dominant scenario. The baseline outlook calls for continued consolidation below resistance at COL$3,685 and above support at COL$3,540. Should the pair surpass COL$3,685, additional gains could target the SMA-50 and SMA-20. Conversely, a drop below COL$3,540 would expose lower support levels amid ongoing weakness.

Anton Kharitonov, expert at Traders Union, sees USD/COP as technically weak despite today’s modest gain. He notes that key bearish signals dominate, with momentum indicators pointing to further downside. Macro and news flows do not provide a clear catalyst for a sustainable rally here. "Unless COL$3,685 is reclaimed, I remain cautious and expect consolidation or renewed downside."

Earlier, analysts noted that bearish momentum remained dominant for USD/COP, with technical signals highlighting persistent downside risks. The latest interplay between oversold technicals and emerging buyer interest suggests traders should closely monitor for a potential short-lived retracement, but renewed weakness remains the primary scenario if the pair fails to reclaim resistance above COL$3,685.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.