USD/TRY may rise 1344 - 1995 pips

Our pivot point stands at 32.4729.

Our preference

The upside prevails as long as 32.4729 is support.

Alternative scenario

Below 32.4729, expect 32.3636 and 32.2986.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.5415 and 32.5662).

Supports and resistances

32.9047 **

32.8396 *

32.7745 **

32.7094

32.5750 last

32.5159

32.4729 **

32.3636 *

32.2986 **

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