USD/TRY may rise 716 - 1063 pips

Our pivot point stands at 33.9015.

Our preference

As long as 33.9015 is support look for 34.0609.

Alternative scenario

Below 33.9015, expect 33.8431 and 33.8084.

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 33.9505 and 33.9343).

Supports and resistances

34.1304 **

34.0956 *

34.0609 **

34.0262

33.9546 last

33.9244

33.9015 **

33.8431 *

33.8084 **

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