USD/TRY may rise to 33.9603 - 34.3957

Our pivot point stands at 32.3669.

Our preference

As long as 32.3669 is support look for 34.3957.

Alternative scenario

Below 32.3669, expect 31.6387 and 31.2052.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.8908 and 32.5581).

Supports and resistances

35.2665 **

34.8311 *

34.3957 **

33.9603

33.0837 last

32.6529

32.3669 **

31.6387 *

31.2052 **

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