USD/TRY may rise 1426 - 2115 pips

Our pivot point stands at 32.8644.

Our preference

The upside prevails as long as 32.8644 is support.

Alternative scenario

Below 32.8644, expect 32.7491 and 32.6804.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 33.0808 and 33.0825).

Supports and resistances

33.4431 **

33.3742 *

33.3052 **

33.2363

33.0937 last

32.9097

32.8644 **

32.7491 *

32.6804 **

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