Monero / Dollar may rise to 170.9 - 172.9

164.1 is our pivot point.

Our preference

The upside prevails as long as 164.1 is support.

Alternative scenario

Below 164.1, expect 160.8 and 158.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 166.4 and 166.5).

Supports and resistances

176.9 **

174.9 *

172.9 **

170.9

166.9 last

165.4

164.1 **

160.8 *

158.8 **

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