Monero / Dollar may rise to 165.9 - 167.6

Our pivot point stands at 159.5.

Our preference

As long as 159.5 is support look for 167.6.

Alternative scenario

Below 159.5, expect 156.7 and 155.0.

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 (162.4) but above its 50 period moving average (161.4).

Supports and resistances

171.0 **

169.3 *

167.6 **

165.9

162.4 last

160.6

159.5 **

156.7 *

155.0 **

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