USD/TRY may rise 1045 - 1534 pips

Our pivot point is at 33.8938.

Our preference

The upside prevails as long as 33.8938 is support.

Alternative scenario

Below 33.8938, expect 33.8118 and 33.7630.

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 above its 20 and 50 period moving average (respectively at 33.9903 and 33.9842).

Supports and resistances

34.2664 **

34.2175 *

34.1686 **

34.1197

34.0152 last

33.9260

33.8938 **

33.8118 *

33.7630 **

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