USD/RON may rise to 4.6201 - 4.6632

Our pivot point stands at 4.4663.

Our preference

The upside prevails as long as 4.4663 is support.

Alternative scenario

Below 4.4663, expect 4.3940 and 4.3509.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.4834 and 4.4984).

Supports and resistances

4.7496 **

4.7064 *

4.6632 **

4.6201

4.5252 last

4.4948

4.4663 **

4.3940 *

4.3509 **

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