7640865 7/12/2017 5:17 PM, USD/RON intraday: technical rebound towards 3.9986 before a new drop


3.9986 is our pivot point.


Our preference

: technical rebound towards 3.9986 before a new drop.


Alternative scenario

: above 3.9986, look for 4.0094 and 4.0158.


Comment

: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair stands above its 20 MA (3.9851) but below its 50 MA (3.9917).


Supports and resistances

:

4.0158 **

4.0094 *

3.9986 **

3.9944

3.9896 last

3.9751

3.9686 **

3.9622 *

3.9558 **