Monero / Dollar may rise to 157.8 - 159.5

Our pivot point stands at 151.6.

Our preference

The upside prevails as long as 151.6 is support.

Alternative scenario

Below 151.6, expect 148.8 and 147.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 152.9 and 151.7).

Supports and resistances

162.9 **

161.2 *

159.5 **

157.8

154.1 last

152.8

151.6 **

148.8 *

147.1 **

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