Monero / Dollar may rise to 161.1 - 162.8

Our pivot point stands at 155.1.

Our preference

Rebound towards 162.8.

Alternative scenario

The downside breakout of 155.1 would call for 152.2 and 150.4.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 157.8 and 161.2).

Supports and resistances

166.3 **

164.5 *

162.8 **

161.1

157.5 last

156.3

155.1 **

152.2 *

150.4 **

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