USD/TRY may rise 1126 - 1629 pips

Our pivot point is at 32.1669.

Our preference

The upside prevails as long as 32.1669 is support.

Alternative scenario

Below 32.1669, expect 32.0827 and 32.0326.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.3445 and 32.3500).

Supports and resistances

32.6259 **

32.5755 *

32.5252 **

32.4749

32.3623 last

32.1999

32.1669 **

32.0827 *

32.0326 **

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