USD/RON may rise 155 - 214 pips

4.5705 is our pivot point.

Our preference

The upside prevails as long as 4.5705 is support.

Alternative scenario

Below 4.5705, expect 4.5606 and 4.5548.

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 4.5761 and 4.5775).

Supports and resistances

4.6117 **

4.6058 *

4.5999 **

4.5940

4.5785 last

4.5744

4.5705 **

4.5606 *

4.5548 **

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