USD/TRY may rise to 33.6822 - 34.1233

Our pivot point stands at 32.0351.

Our preference

As long as 32.0351 is support look for 34.1233.

Alternative scenario

Below 32.0351, expect 31.2983 and 30.8598.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.6777 and 32.4267).

Supports and resistances

35.0054 **

34.5643 *

34.1233 **

33.6822

32.7841 last

32.3246

32.0351 **

31.2983 *

30.8598 **

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