USD/TRY may rise 919 - 1356 pips

33.4685 is our pivot point.

Our preference

The upside prevails as long as 33.4685 is support.

Alternative scenario

Below 33.4685, expect 33.3951 and 33.3515.

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 above its 20 and 50 period moving average (respectively at 33.5515 and 33.5164).

Supports and resistances

33.7986 **

33.7549 *

33.7112 **

33.6675

33.5756 last

33.4973

33.4685 **

33.3951 *

33.3515 **

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