Monero / Dollar may rise to 166.9 - 168.8

Our pivot point is at 160.2.

Our preference

Rebound towards 168.8.

Alternative scenario

The downside breakout of 160.2 would call for 157.1 and 155.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.2 and 165.5).

Supports and resistances

172.5 **

170.6 *

168.8 **

166.9

163.2 last

161.4

160.2 **

157.1 *

155.2 **

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