USD/TRY may rise to 34.5886 - 34.8303

Our pivot point stands at 33.6007.

Our preference

As long as 33.6007 is support look for 34.8303.

Alternative scenario

Below 33.6007, expect 33.1969 and 32.9565.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 33.9275 and 33.4089).

Supports and resistances

35.3137 **

35.0720 *

34.8303 **

34.5886

34.0772 last

33.7594

33.6007 **

33.1969 *

32.9565 **

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