Monero / Dollar may rise to 164.0 - 165.8

Our pivot point is at 157.9.

Our preference

Rebound towards 165.8.

Alternative scenario

The downside breakout of 157.9 would call for 154.9 and 153.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.9 and 162.9).

Supports and resistances

169.4 **

167.6 *

165.8 **

164.0

160.3 last

159.1

157.9 **

154.9 *

153.2 **

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