USD/TRY may rise 1093 - 1603 pips

32.7516 is our pivot point.

Our preference

The upside prevails as long as 32.7516 is support.

Alternative scenario

Below 32.7516, expect 32.6658 and 32.6148.

Comment

The RSI is above its neutrality area at 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 32.7590 and 32.7305).

Supports and resistances

33.0892 **

33.0382 *

32.9871 **

32.9361

32.8268 last

32.7852

32.7516 **

32.6658 *

32.6148 **

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