USD/TRY may rise to 34.0539 - 34.5316

Our pivot point is at 32.2889.

Our preference

The upside prevails as long as 32.2889 is support.

Alternative scenario

Below 32.2889, expect 31.4908 and 31.0158.

Comment

The RSI is above its neutrality area at 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 32.7066 and 32.4785).

Supports and resistances

35.4869 **

35.0092 *

34.5316 **

34.0539

33.0853 last

32.6025

32.2889 **

31.4908 *

31.0158 **

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