USD/TRY may rise 1003 - 1491 pips

33.8611 is our pivot point.

Our preference

As long as 33.8611 is support look for 34.0788.

Alternative scenario

Below 33.8611, expect 33.7792 and 33.7305.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.9272 and 33.9146).

Supports and resistances

34.1763 **

34.1275 *

34.0788 **

34.0300

33.9297 last

33.8933

33.8611 **

33.7792 *

33.7305 **

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