USD/TRY may rise 1094 - 1531 pips

Our pivot point stands at 33.4394.

Our preference

Our next up target stands at 33.6991.

Alternative scenario

Below 33.4394, expect 33.3661 and 33.3225.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.5112 and 33.5281).

Supports and resistances

33.7866 **

33.7429 *

33.6991 **

33.6554

33.5460 last

33.4682

33.4394 **

33.3661 *

33.3225 **

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