USD/RON may rise 149 - 203 pips

4.5882 is our pivot point.

Our preference

As long as 4.5882 is support look for 4.6164.

Alternative scenario

The downside breakout of 4.5882 would call for 4.5791 and 4.5737.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.5959 and 4.5949).

Supports and resistances

4.6273 **

4.6219 *

4.6164 **

4.6110

4.5961 last

4.5918

4.5882 **

4.5791 *

4.5737 **

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