USD/TRY may rise 1174 - 1683 pips

32.6541 is our pivot point.

Our preference

As long as 32.6541 is support look for 32.9110.

Alternative scenario

Below 32.6541, expect 32.5687 and 32.5178.

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 below its 20 period moving average (32.7456) but above its 50 period moving average (32.7128).

Supports and resistances

33.0128 **

32.9619 *

32.9110 **

32.8601

32.7427 last

32.6877

32.6541 **

32.5687 *

32.5178 **

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