USD/RON may rise 146 - 208 pips

Our pivot point stands at 4.6369.

Our preference

The upside prevails as long as 4.6369 is support.

Alternative scenario

Below 4.6369, expect 4.6265 and 4.6204.

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 4.6474 and 4.6490). Finally, the USD/RON is trading above its upper Bollinger band (standing at 4.6503).

Supports and resistances

4.6836 **

4.6774 *

4.6712 **

4.6650

4.6504 last

4.6410

4.6369 **

4.6265 *

4.6204 **

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