USD/TRY may rise 1369 - 2023 pips

32.5796 is our pivot point.

Our preference

The upside prevails as long as 32.5796 is support.

Alternative scenario

Below 32.5796, expect 32.4700 and 32.4047.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.6593 and 32.6030).

Supports and resistances

33.0461 **

32.9807 *

32.9153 **

32.8499

32.7130 last

32.6227

32.5796 **

32.4700 *

32.4047 **

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