Monero / Dollar may rise to 180.6 - 182.7

Our pivot point stands at 173.3.

Our preference

Rebound towards 182.7.

Alternative scenario

Below 173.3, expect 169.9 and 167.8.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (176) but under its 50 period moving average (177.6).

Supports and resistances

186.8 **

184.7 *

182.7 **

180.6

176.3 last

174.7

173.3 **

169.9 *

167.8 **

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