USD/TRY may rise 1004 - 1506 pips

Our pivot point is at 32.2180.

Our preference

The upside prevails as long as 32.2180 is support.

Alternative scenario

Below 32.2180, expect 32.1337 and 32.0835.

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 32.2862 and 32.2937).

Supports and resistances

32.5511 **

32.5009 *

32.4506 **

32.4004

32.3000 last

32.2512

32.2180 **

32.1337 *

32.0835 **

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