USD/TRY may rise 1222 - 1722 pips

Our pivot point is at 32.8773.

Our preference

The upside prevails as long as 32.8773 is support.

Alternative scenario

Below 32.8773, expect 32.7933 and 32.7433.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.8954 and 32.9500).

Supports and resistances

33.2383 **

33.1882 *

33.1381 **

33.0881

32.9659 last

32.9103

32.8773 **

32.7933 *

32.7433 **

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