USD/TRY may rise 1359 - 1989 pips

Our pivot point stands at 32.9203.

Our preference

As long as 32.9203 is support look for 33.3649.

Alternative scenario

Below 32.9203, expect 32.8149 and 32.7523.

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 below its 20 period moving average (33.1714) but above its 50 period moving average (33.1270).

Supports and resistances

33.4910 **

33.4280 *

33.3649 **

33.3019

33.1660 last

32.9616

32.9203 **

32.8149 *

32.7523 **

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