USD/TRY may rise to 33.6669 - 34.0136

32.3368 is our pivot point.

Our preference

As long as 32.3368 is support look for 34.0136.

Alternative scenario

Below 32.3368, expect 31.7574 and 31.4125.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.8359 and 32.5672).

Supports and resistances

34.7072 **

34.3604 *

34.0136 **

33.6669

32.9520 last

32.5644

32.3368 **

31.7574 *

31.4125 **

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