Monero / Dollar may fall to 152.7 - 154.4

Our pivot point stands at 160.9.

Our preference

As long as 160.9 is resistance look for 152.7.

Alternative scenario

The upside breakout of 160.9, would call for 163.9 and 165.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.3 and 158.2).

Supports and resistances

165.6 **

163.9 *

160.9 **

159.7

158.2 last

154.4

152.7 **

150.9 *

149.2 **

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