USD/RON may rise 172 - 247 pips

Our pivot point stands at 4.5418.

Our preference

The upside prevails as long as 4.5418 is support.

Alternative scenario

The downside breakout of 4.5418 would call for 4.5291 and 4.5216.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.5443 and 4.5409). Finally, the USD/RON is trading above its upper Bollinger band (standing at 4.5545).

Supports and resistances

4.5959 **

4.5884 *

4.5808 **

4.5733

4.5561 last

4.5467

4.5418 **

4.5291 *

4.5216 **

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