Monero / Dollar may rise to 158.8 - 160.5

Our pivot point stands at 153.1.

Our preference

Rebound towards 160.5.

Alternative scenario

Below 153.1, expect 150.3 and 148.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (154.9) but below its 50 period moving average (158.6).

Supports and resistances

163.7 **

162.1 *

160.5 **

158.8

155.6 last

154.2

153.1 **

150.3 *

148.7 **

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