USD/TRY may rise 1288 - 1916 pips

32.9628 is our pivot point.

Our preference

The upside prevails as long as 32.9628 is support.

Alternative scenario

Below 32.9628, expect 32.8573 and 32.7945.

Comment

The RSI is above 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 33.0631 and 33.0426).

Supports and resistances

33.4012 **

33.3384 *

33.2755 **

33.2127

33.0839 last

33.0042

32.9628 **

32.8573 *

32.7945 **

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