Monero / Dollar may rise to 163.7 - 165.5

Our pivot point is at 157.2.

Our preference

Rebound towards 165.5.

Alternative scenario

The downside breakout of 157.2 would call for 154.2 and 152.5.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (160.1) but below its 50 period moving average (160.9).

Supports and resistances

169.0 **

167.3 *

165.5 **

163.7

160.2 last

158.4

157.2 **

154.2 *

152.5 **

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