USD/TRY may rise 1319 - 1889 pips

Our pivot point is at 32.7700.

Our preference

As long as 32.7700 is support look for 33.0349.

Alternative scenario

Below 32.7700, expect 32.6742 and 32.6172.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.8253 and 32.7644).

Supports and resistances

33.1490 **

33.0919 *

33.0349 **

32.9779

32.8460 last

32.8076

32.7700 **

32.6742 *

32.6172 **

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