Crypto Technicals: XMR/USD breaks consolidation above 20-DMA, eyes 72.77

XMR/USD chart - Trading View 

Exchange - Kraken

Support: 65.58 (20-DMA); Resistance: 72.43 (Upper BB)

Technical Analysis: Bias Bullish

- XMR/USD has shown a breakout of consolidation phase

- The pair is extending gains above 20-DMA, and has hit 2-week highs above 70 

- Price action is above major EMAs and is holding 5-DMA support

- Technical indicators have ti=urned bullish. Stochs and RSI are sharply higher

- MACD shows bullish crossover on signal line and +ve DMI dominnace supports upside

- Scope for test of Upper BB at 72.40 and then 72.77 (Apr 8th highs)

- Strong support seen at 20-DMA and daily cloud, we see weakness only on break below

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.