USD/TRY may rise 1042 - 1541 pips

Our pivot point is at 32.7043.

Our preference

The upside prevails as long as 32.7043 is support.

Alternative scenario

Below 32.7043, expect 32.6208 and 32.5710.

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 32.8395 and 32.8447).

Supports and resistances

33.1199 **

33.0700 *

33.0201 **

32.9702

32.8660 last

32.7372

32.7043 **

32.6208 *

32.5710 **

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