Monero / Dollar may rise to 169.4 - 171.3

162.5 is our pivot point.

Our preference

As long as 162.5 is support look for 171.3.

Alternative scenario

Below 162.5, expect 159.2 and 157.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (165.5) but above its 50 period moving average (164).

Supports and resistances

175.3 **

173.3 *

171.3 **

169.4

165.2 last

163.8

162.5 **

159.2 *

157.2 **

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