USD/TRY may rise 907 - 1321 pips

Our pivot point is at 33.5475.

Our preference

As long as 33.5475 is support look for 33.7451.

Alternative scenario

Below 33.5475, expect 33.4781 and 33.4368.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 33.5962 and 33.5788).

Supports and resistances

33.8278 **

33.7864 *

33.7451 **

33.7037

33.6130 last

33.5748

33.5475 **

33.4781 *

33.4368 **

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