USD/TRY may rise 1401 - 1902 pips

32.7542 is our pivot point.

Our preference

The upside prevails as long as 32.7542 is support.

Alternative scenario

Below 32.7542, expect 32.6705 and 32.6207.

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 32.9127 and 32.9221).

Supports and resistances

33.2303 **

33.1803 *

33.1302 **

33.0801

32.9400 last

32.7871

32.7542 **

32.6705 *

32.6207 **

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