Monero / Dollar may rise to 163.9 - 165.7

Our pivot point is at 157.4.

Our preference

The upside prevails as long as 157.4 is support.

Alternative scenario

The downside breakout of 157.4 would call for 154.5 and 152.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.3 and 159.6).

Supports and resistances

169.2 **

167.4 *

165.7 **

163.9

160.3 last

158.6

157.4 **

154.5 *

152.7 **

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