Friday, September 28, 2012

USD/RON intraday: the downside prevails as long as 3.502 is resistance


3.502 is our pivot point.
Our preference: the downside prevails as long as 3.502 is resistance.
Alternative scenario: the upside breakout of 3.502 , would call for 3.508 and 3.511.
Comment: the RSI is below its neutrality area at 50.The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3.5061 and 3.5002).

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