USD/RON may rise 143 - 203 pips

4.5325 is our pivot point.

Our preference

The upside prevails as long as 4.5325 is support.

Alternative scenario

The downside breakout of 4.5325 would call for 4.5223 and 4.5163.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.5430 and 4.5420).

Supports and resistances

4.5755 **

4.5695 *

4.5635 **

4.5575

4.5432 last

4.5364

4.5325 **

4.5223 *

4.5163 **

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