Monero / Dollar may rise to 160.3 - 161.9

Our pivot point stands at 154.2.

Our preference

Rebound towards 161.9.

Alternative scenario

The downside breakout of 154.2 would call for 151.7 and 150.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 156.7 and 159.6).

Supports and resistances

164.9 **

163.4 *

161.9 **

160.3

156.7 last

155.2

154.2 **

151.7 *

150.2 **

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