USD/TRY may rise to 33.1162 - 33.4653

31.8273 is our pivot point.

Our preference

The upside prevails as long as 31.8273 is support.

Alternative scenario

Below 31.8273, expect 31.2430 and 30.8953.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.2440 and 32.2906).

Supports and resistances

34.1637 **

33.8145 *

33.4653 **

33.1162

32.3707 last

32.0568

31.8273 **

31.2430 *

30.8953 **

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