FX forecast for Apr. 26
-
[USD/MDL:] The past week-end demonstrated that the efforts made by the National Bank to calm down the market were successful, but this does not mean that the dollar couldn’t rise again this week, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
According to Mihalache, the dollar could rise again, to 12.70 lei, if the importers of petroleum products still display an appetite for dollars. In the opposite case, the dollar will tend toward the 12.50 lei level.
Today the dollar will buy at around 12.54 lei and sell at 12.65 – 12.69 lei.
[EUR/USD:] The week-end on the global market was overcast by Greece’s problems, which will continue troubling the traders this week, as well.
Currently the euro trades at around $1.3370, as technical indicators point to a potential drop to $1.3270/80.
Resistance levels: $1.3400; $1.3480; $1.3515.
Support levels: $1.3340; $1.3270/80; $1.3205.
The Financial Brains intend today to enter the market if the $1.3270/80 level is reached, with a take-profit close to $1.3340, but will proceed with great caution.
If the $1.3205 level is broken, which is very unlikely, the euro will drop to $1.3050.
[EUR/MDL:] 16.73 – 16.75 lei (bid); around 16.88 (ask).
For further details visit www.fb.md or www.financialbrains.eu