USD/TRY may rise 1317 - 1965 pips

Our pivot point stands at 32.8157.

Our preference

The upside prevails as long as 32.8157 is support.

Alternative scenario

Below 32.8157, expect 32.7071 and 32.6424.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.9678 and 32.9536).

Supports and resistances

33.3252 **

33.2603 *

33.1955 **

33.1307

32.9990 last

32.8583

32.8157 **

32.7071 *

32.6424 **

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