USD/TRY may rise 1227 - 1798 pips

Our pivot point stands at 32.7896.

Our preference

As long as 32.7896 is support look for 33.0476.

Alternative scenario

Below 32.7896, expect 32.6938 and 32.6367.

Comment

The RSI is above 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 32.8478 and 32.8168).

Supports and resistances

33.1617 **

33.1046 *

33.0476 **

32.9905

32.8678 last

32.8273

32.7896 **

32.6938 *

32.6367 **

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