Monero / Dollar may rise to 168.4 - 170.3

Our pivot point is at 161.7.

Our preference

Our next up target stands at 170.3.

Alternative scenario

Below 161.7, expect 158.7 and 156.8.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.9 and 163.7).

Supports and resistances

173.9 **

172.1 *

170.3 **

168.4

164.2 last

162.9

161.7 **

158.7 *

156.8 **

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