USD/TRY may rise to 34.1645 - 34.4508

33.0312 is our pivot point.

Our preference

The upside prevails as long as 33.0312 is support.

Alternative scenario

Below 33.0312, expect 32.5530 and 32.2683.

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 trading above both its 20 and 50 period moving average (respectively at 33.1894 and 32.8756).

Supports and resistances

35.0233 **

34.7370 *

34.4508 **

34.1645

33.5630 last

33.2191

33.0312 **

32.5530 *

32.2683 **

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