USD/TRY may rise 1288 - 1918 pips

Our pivot point stands at 33.0402.

Our preference

As long as 33.0402 is support look for 33.3550.

Alternative scenario

Below 33.0402, expect 32.9345 and 32.8716.

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 pair is trading under its 20 period moving average (33.1643) but above its 50 period moving average (33.1429).

Supports and resistances

33.4810 **

33.4180 *

33.3550 **

33.2920

33.1632 last

33.0817

33.0402 **

32.9345 *

32.8716 **

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