USD/RON may fall to 4.4576 - 4.5014

Our pivot point is at 4.6559.

Our preference

The downside prevails as long as 4.6559 is resistance.

Alternative scenario

The upside breakout of 4.6559, would call for 4.7297 and 4.7735.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4.6254 and 4.6074).

Supports and resistances

4.7735 **

4.7297 *

4.6559 **

4.6270

4.5936 last

4.5014

4.4576 **

4.4138 *

4.3700 **

Number of asterisks represents the strength of support and resistance levels.