USD/RON may rise 116 - 174 pips

Our pivot point is at 4.5875.

Our preference

As long as 4.5875 is support look for 4.6130.

Alternative scenario

Below 4.5875, expect 4.5777 and 4.5719.

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 above its 20 and 50 period moving average (respectively at 4.5955 and 4.5873).

Supports and resistances

4.6246 **

4.6188 *

4.6130 **

4.6072

4.5956 last

4.5913

4.5875 **

4.5777 *

4.5719 **

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