USD/RON may rise 175 - 250 pips

Our pivot point stands at 4.5448.

Our preference

As long as 4.5448 is support look for 4.5830.

Alternative scenario

The downside breakout of 4.5448 would call for 4.5322 and 4.5246.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.5562 and 4.5549).

Supports and resistances

4.5981 **

4.5906 *

4.5830 **

4.5755

4.5580 last

4.5498

4.5448 **

4.5322 *

4.5246 **

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