USD/TRY may rise 1284 - 1914 pips

Our pivot point stands at 33.0789.

Our preference

As long as 33.0789 is support look for 33.3580.

Alternative scenario

Below 33.0789, expect 32.9730 and 32.9101.

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 price is above its 20 and 50 period moving average (respectively at 33.1609 and 33.1254).

Supports and resistances

33.4840 **

33.4210 *

33.3580 **

33.2950

33.1666 last

33.1204

33.0789 **

32.9730 *

32.9101 **

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