USD/RON may rise 138 - 199 pips

Our pivot point is at 4.5535.

Our preference

The upside prevails as long as 4.5535 is support.

Alternative scenario

Below 4.5535, expect 4.5434 and 4.5373.

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 4.5622 and 4.5633).

Supports and resistances

4.5958 **

4.5897 *

4.5837 **

4.5776

4.5638 last

4.5575

4.5535 **

4.5434 *

4.5373 **

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