USD/TRY may rise 1058 - 1547 pips

33.9274 is our pivot point.

Our preference

As long as 33.9274 is support look for 34.1613.

Alternative scenario

Below 33.9274, expect 33.8453 and 33.7965.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 33.9994 and 33.9900).

Supports and resistances

34.2590 **

34.2102 *

34.1613 **

34.1124

34.0066 last

33.9597

33.9274 **

33.8453 *

33.7965 **

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