USD/RON may fall to 4.3808 - 4.4328

Our pivot point stands at 4.6262.

Our preference

The downside prevails as long as 4.6262 is resistance.

Alternative scenario

Above 4.6262, look for 4.7141 and 4.7663.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4.5681 and 4.5950).

Supports and resistances

4.7663 **

4.7141 *

4.6262 **

4.5917

4.5507 last

4.4328

4.3808 **

4.3287 *

4.2767 **

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