Monero / Dollar may rise to 169.9 - 171.8

163.5 is our pivot point.

Our preference

The upside prevails as long as 163.5 is support.

Alternative scenario

Below 163.5, expect 160.3 and 158.4.

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 163.5 and 162.6).

Supports and resistances

175.6 **

173.7 *

171.8 **

169.9

166.0 last

164.8

163.5 **

160.3 *

158.4 **

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