USD/RON may rise to 4.7349 - 4.7817

4.5683 is our pivot point.

Our preference

The upside prevails as long as 4.5683 is support.

Alternative scenario

Below 4.5683, expect 4.4900 and 4.4434.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.6095 and 4.6140).

Supports and resistances

4.8752 **

4.8284 *

4.7817 **

4.7349

4.6360 last

4.5991

4.5683 **

4.4900 *

4.4434 **

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