USD/TRY may rise 1375 - 2008 pips

Our pivot point is at 33.0679.

Our preference

The upside prevails as long as 33.0679 is support.

Alternative scenario

Below 33.0679, expect 32.9621 and 32.8991.

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 33.2475 and 33.2052).

Supports and resistances

33.6151 **

33.5518 *

33.4886 **

33.4253

33.2878 last

33.1094

33.0679 **

32.9621 *

32.8991 **

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