Monero / Dollar may rise to 161.2 - 163.0

Our pivot point stands at 155.4.

Our preference

Rebound.

Alternative scenario

Below 155.4, expect 152.4 and 150.7.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (156.7) but under its 50 period moving average (158.2).

Supports and resistances

166.5 **

164.7 *

163.0 **

161.2

157.7 last

156.5

155.4 **

152.4 *

150.7 **

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