Monero / Dollar may rise to 167.4 - 169.3

Our pivot point is at 161.4.

Our preference

As long as 161.4 is support look for 169.3.

Alternative scenario

Below 161.4, expect 158.3 and 156.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.7 and 162.7).

Supports and resistances

172.9 **

171.1 *

169.3 **

167.4

163.8 last

162.6

161.4 **

158.3 *

156.5 **

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