FX forecast for Apr. 14

- [USD/MDL:] The US dollar and the euro are continuing their ascent against the Moldovan leu, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. Yesterday on the domestic interbank market there was an increased demand for dollars, which were trading by midday at 12.48 lei, with an upward trend that will continue today as well. The currency exchange facilities today will buy dollars at 12.43 – 12.45 lei and will sell them at 12.53 – 12.55 lei. [EUR/USD:] The traders today are awaiting a number of macroeconomic indicators to be published, including in the United States; particular attention will be paid to retail sales, which are expected to rise from the last release. This will demonstrate that the labor market and the consumer confidence are also rising in the United States, which can only benefit the dollar. Until the release of this indicator, however, the euro could rise from the current level of $1.3650 to $1.3690, providing the opportunity to sell euro for dollars, with a take-profit at $1.3560/80, recommend the Financial Brains. Support levels: $1.3540/50; $1.3500; $1.3450. Resistance levels: $1.3690; $1.3760; $1.3830. [EUR/MDL:] 16.87 – 16.93 lei (bid); 17.05 – 17.10 lei (ask). For further details visit www.fb.md or www.financialbrains.eu