Monero / Dollar may rise to 161.0 - 162.7

Our pivot point stands at 154.8.

Our preference

As long as 154.8 is support look for 162.7.

Alternative scenario

Below 154.8, expect 151.9 and 150.2.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (157.5) but above its 50 period moving average (153.5).

Supports and resistances

166.2 **

164.5 *

162.7 **

161.0

157.1 last

156.0

154.8 **

151.9 *

150.2 **

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