USD/TRY may rise 1374 - 2016 pips

Our pivot point stands at 32.5534.

Our preference

Rebound towards 32.8887.

Alternative scenario

Below 32.5534, expect 32.4456 and 32.3815.

Comment

The RSI is below its neutrality area at 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 32.7009 and 32.7346).

Supports and resistances

33.0172 **

32.9529 *

32.8887 **

32.8245

32.6871 last

32.5957

32.5534 **

32.4456 *

32.3815 **

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