USD/TRY may rise 743 - 1104 pips

Our pivot point stands at 32.2558.

Our preference

The upside prevails as long as 32.2558 is support.

Alternative scenario

Below 32.2558, expect 32.1950 and 32.1588.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.2856 and 32.2557).

Supports and resistances

32.4909 **

32.4547 *

32.4185 **

32.3824

32.3081 last

32.2796

32.2558 **

32.1950 *

32.1588 **

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