USD/TRY may rise 1419 - 2061 pips

Our pivot point stands at 32.9621.

Our preference

The upside prevails as long as 32.9621 is support.

Alternative scenario

Below 32.9621, expect 32.8544 and 32.7902.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.0589 and 33.0380).

Supports and resistances

33.4018 **

33.3376 *

33.2734 **

33.2092

33.0673 last

33.0045

32.9621 **

32.8544 *

32.7902 **

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