USD/TRY may rise 1459 - 2098 pips

Our pivot point is at 32.6860.

Our preference

The upside prevails as long as 32.6860 is support.

Alternative scenario

Below 32.6860, expect 32.5792 and 32.5156.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.8889 and 32.8793).

Supports and resistances

33.2314 **

33.1676 *

33.1037 **

33.0398

32.8939 last

32.7280

32.6860 **

32.5792 *

32.5156 **

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