USD/RON may rise 154 - 222 pips

Our pivot point stands at 4.6399.

Our preference

The upside prevails as long as 4.6399 is support.

Alternative scenario

The downside breakout of 4.6399 would call for 4.6285 and 4.6218.

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 4.6437 and 4.6429).

Supports and resistances

4.6868 **

4.6801 *

4.6733 **

4.6665

4.6511 last

4.6443

4.6399 **

4.6285 *

4.6218 **

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