USD/TRY may rise 1110 - 1613 pips

33.0266 is our pivot point.

Our preference

As long as 33.0266 is support look for 33.2608.

Alternative scenario

Below 33.0266, expect 32.9422 and 32.8920.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.0829 and 33.0433).

Supports and resistances

33.3613 **

33.3110 *

33.2608 **

33.2105

33.0995 last

33.0597

33.0266 **

32.9422 *

32.8920 **

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