Monero / Dollar may rise to 170.3 - 172.2

Our pivot point stands at 164.0.

Our preference

The upside prevails as long as 164 is support.

Alternative scenario

Below 164.0, expect 160.9 and 159.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 165.6 and 164.4).

Supports and resistances

175.9 **

174.1 *

172.2 **

170.3

166.6 last

165.3

164.0 **

160.9 *

159.1 **

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