Monero / Dollar may rise to 164.7 - 166.3

Our pivot point is at 159.3.

Our preference

The upside prevails as long as 159.3 is support.

Alternative scenario

Below 159.3, expect 156.8 and 155.2.

Comment

The RSI is above 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 160.2 and 159.6).

Supports and resistances

169.3 **

167.8 *

166.3 **

164.7

161.7 last

160.4

159.3 **

156.8 *

155.2 **

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