USD/TRY may rise 1392 - 2030 pips

Our pivot point stands at 32.8127.

Our preference

The upside prevails as long as 32.8127 is support.

Alternative scenario

Below 32.8127, expect 32.7055 and 32.6416.

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 32.8710 and 32.8817).

Supports and resistances

33.2314 **

33.1675 *

33.1036 **

33.0398

32.9006 last

32.8549

32.8127 **

32.7055 *

32.6416 **

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