USD/TRY may rise 1349 - 2000 pips

Our pivot point stands at 32.4632.

Our preference

The upside prevails as long as 32.4632 is support.

Alternative scenario

Below 32.4632, expect 32.3539 and 32.2888.

Comment

The RSI is above its neutrality area at 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 32.5464 and 32.5474).

Supports and resistances

32.8890 **

32.8240 *

32.7589 **

32.6938

32.5589 last

32.5061

32.4632 **

32.3539 *

32.2888 **

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