USD/TRY may rise 1003 - 1418 pips

Our pivot point is at 33.5285.

Our preference

The upside prevails as long as 33.5285 is support.

Alternative scenario

The downside breakout of 33.5285 would call for 33.4591 and 33.4178.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 33.6956 and 33.6871).

Supports and resistances

33.9451 **

33.9036 *

33.8621 **

33.8206

33.7203 last

33.5557

33.5285 **

33.4591 *

33.4178 **

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