USD/RON may rise 177 - 250 pips

4.5769 is our pivot point.

Our preference

The upside prevails as long as 4.5769 is support.

Alternative scenario

The downside breakout of 4.5769 would call for 4.5646 and 4.5573.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.5822 and 4.5797). Finally, the USD/RON is trading above its upper Bollinger band (standing at 4.5872).

Supports and resistances

4.6283 **

4.6210 *

4.6137 **

4.6064

4.5887 last

4.5817

4.5769 **

4.5646 *

4.5573 **

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