USD/TRY may rise to 34.0987 - 34.4009

Our pivot point stands at 32.7058.

Our preference

The upside prevails as long as 32.7058 is support.

Alternative scenario

Below 32.7058, expect 32.2041 and 31.9055.

Comment

The RSI is above its neutrality area at 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 33.0427 and 32.7480). Finally, the USD/TRY has crossed above its upper Bollinger band (33.3531).

Supports and resistances

35.0052 **

34.7031 *

34.4009 **

34.0987

33.4120 last

32.9029

32.7058 **

32.2041 *

31.9055 **

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