USD/TRY may fall 2069 - 2391 pips

Our pivot point is at 32.2724.

Our preference

The downside prevails as long as 32.2724 is resistance.

Alternative scenario

Above 32.2724, look for 32.3266 and 32.3589.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.2623 and 32.2917).

Supports and resistances

32.3589 **

32.3266 *

32.2724 **

32.2511

32.2257 last

32.0188

31.9866 **

31.9545 *

31.9224 **

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