USD/TRY may rise 1292 - 1933 pips

Our pivot point is at 32.8167.

Our preference

As long as 32.8167 is support look for 33.2003.

Alternative scenario

Below 32.8167, expect 32.7094 and 32.6456.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.9905 and 32.9133).

Supports and resistances

33.3284 **

33.2644 *

33.2003 **

33.1362

33.0070 last

32.8589

32.8167 **

32.7094 *

32.6456 **

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