Monero / Dollar may rise to 164.2 - 165.7

Our pivot point stands at 158.6.

Our preference

As long as 158.6 is support look for 165.7.

Alternative scenario

Below 158.6, expect 156.1 and 154.5.

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 (161.1) but above its 50 period moving average (159.6).

Supports and resistances

168.8 **

167.3 *

165.7 **

164.2

160.8 last

159.6

158.6 **

156.1 *

154.5 **

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