Monero / Dollar may rise to 160.4 - 162.1

154.6 is our pivot point.

Our preference

The upside prevails as long as 154.6 is support.

Alternative scenario

Below 154.6, expect 151.8 and 150.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 156.5 and 156.7).

Supports and resistances

165.4 **

163.7 *

162.1 **

160.4

157.2 last

155.6

154.6 **

151.8 *

150.2 **

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