USD/RON may rise 185 - 265 pips

Our pivot point stands at 4.5411.

Our preference

The upside prevails as long as 4.5411 is support.

Alternative scenario

Below 4.5411, expect 4.5277 and 4.5198.

Comment

The RSI is above 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 4.5492 and 4.5504).

Supports and resistances

4.5960 **

4.5881 *

4.5801 **

4.5721

4.5536 last

4.5463

4.5411 **

4.5277 *

4.5198 **

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