USD/TRY may rise 1357 - 1990 pips

33.2379 is our pivot point.

Our preference

The upside prevails as long as 33.2379 is support.

Alternative scenario

Below 33.2379, expect 33.1315 and 33.0682.

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 trading above both its 20 and 50 period moving average (respectively at 33.2869 and 33.2289).

Supports and resistances

33.6637 **

33.6004 *

33.5370 **

33.4737

33.3380 last

33.2796

33.2379 **

33.1315 *

33.0682 **

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