USD/TRY may rise 1419 - 2108 pips

Our pivot point stands at 32.8554.

Our preference

The upside prevails as long as 32.8554 is support.

Alternative scenario

Below 32.8554, expect 32.7401 and 32.6715.

Comment

The RSI is above its neutrality area at 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 33.0342 and 33.0115).

Supports and resistances

33.4364 **

33.3674 *

33.2985 **

33.2296

33.0877 last

32.9007

32.8554 **

32.7401 *

32.6715 **

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