USD/RON may rise 129 - 187 pips

Our pivot point stands at 4.5827.

Our preference

Rebound towards 4.6091.

Alternative scenario

The downside breakout of 4.5827 would call for 4.5729 and 4.5672.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4.5916 and 4.5992).

Supports and resistances

4.6206 **

4.6148 *

4.6091 **

4.6033

4.5904 last

4.5865

4.5827 **

4.5729 *

4.5672 **

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