Monero / Dollar may rise to 162.9 - 164.4

Our pivot point is at 157.7.

Our preference

The upside prevails as long as 157.7 is support.

Alternative scenario

The downside breakout of 157.7 would call for 155.2 and 153.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.6 and 156.1).

Supports and resistances

167.5 **

165.9 *

164.4 **

162.9

159.9 last

158.7

157.7 **

155.2 *

153.7 **

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