Monero / Dollar may rise to 161.6 - 163.3

Our pivot point stands at 155.8.

Our preference

As long as 155.8 is support look for 163.3.

Alternative scenario

The downside breakout of 155.8 would call for 153 and 151.3.

Comment

The RSI is above its neutrality area at 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 (158.5) but above its 50 period moving average (157.3).

Supports and resistances

166.6 **

165.0 *

163.3 **

161.6

158.3 last

156.9

155.8 **

153.0 *

151.3 **

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