USD/TRY may rise 1319 - 1955 pips

32.6641 is our pivot point.

Our preference

The upside prevails as long as 32.6641 is support.

Alternative scenario

Below 32.6641, expect 32.5573 and 32.4938.

Comment

The RSI is above 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 32.7282 and 32.7099).

Supports and resistances

33.1048 **

33.0411 *

32.9775 **

32.9139

32.7820 last

32.7060

32.6641 **

32.5573 *

32.4938 **

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