USD/TRY may rise 1020 - 1521 pips

Our pivot point stands at 32.9549.

Our preference

The upside prevails as long as 32.9549 is support.

Alternative scenario

Below 32.9549, expect 32.8706 and 32.8205.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.9463 and 32.9416).

Supports and resistances

33.2757 **

33.2256 *

33.1754 **

33.1253

33.0233 last

32.9879

32.9549 **

32.8706 *

32.8205 **

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