Monero / Dollar may rise to 157.0 - 158.8

Our pivot point stands at 150.7.

Our preference

The upside prevails as long as 150.7 is support.

Alternative scenario

Below 150.7, expect 147.7 and 145.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 152.4 and 151.9).

Supports and resistances

162.4 **

160.6 *

158.8 **

157.0

153.1 last

151.9

150.7 **

147.7 *

145.9 **

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