USD/TRY may rise 1056 - 1492 pips

Our pivot point stands at 33.3502.

Our preference

The upside prevails as long as 33.3502 is support.

Alternative scenario

Below 33.3502, expect 33.2771 and 33.2336.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.3860 and 33.3647).

Supports and resistances

33.6724 **

33.6288 *

33.5853 **

33.5417

33.4361 last

33.3789

33.3502 **

33.2771 *

33.2336 **

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