Monero / Dollar may rise to 157.4 - 159.0

Our pivot point stands at 151.6.

Our preference

Rebound towards 159.0.

Alternative scenario

Below 151.6, expect 148.9 and 147.3.

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 154.2 and 154.7).

Supports and resistances

162.2 **

160.6 *

159.0 **

157.4

154.1 last

152.7

151.6 **

148.9 *

147.3 **

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