USD/TRY may rise 1187 - 1692 pips

Our pivot point stands at 32.3990.

Our preference

As long as 32.3990 is support look for 32.6557.

Alternative scenario

Below 32.3990, expect 32.3142 and 32.2637.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.4599 and 32.3606).

Supports and resistances

32.7568 **

32.7062 *

32.6557 **

32.6052

32.4865 last

32.4323

32.3990 **

32.3142 *

32.2637 **

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