USD/TRY may rise 1262 - 1829 pips

32.4265 is our pivot point.

Our preference

The upside prevails as long as 32.4265 is support.

Alternative scenario

Below 32.4265, expect 32.3318 and 32.2754.

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 trading above both its 20 and 50 period moving average (respectively at 32.5546 and 32.5311).

Supports and resistances

32.9356 **

32.8789 *

32.8222 **

32.7655

32.6393 last

32.4638

32.4265 **

32.3318 *

32.2754 **

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