USD/TRY may rise 757 - 1118 pips

Our pivot point is at 32.2063.

Our preference

The upside prevails as long as 32.2063 is support.

Alternative scenario

Below 32.2063, expect 32.1457 and 32.1095.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.2281 and 32.2381).

Supports and resistances

32.4511 **

32.4149 *

32.3788 **

32.3427

32.2670 last

32.2302

32.2063 **

32.1457 *

32.1095 **

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