USD/TRY may rise to 33.8604 - 34.3091

Our pivot point is at 32.1979.

Our preference

The upside prevails as long as 32.1979 is support.

Alternative scenario

Below 32.1979, expect 31.4482 and 31.0019.

Comment

The RSI is above 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 32.4386 and 32.3634).

Supports and resistances

35.2065 **

34.7578 *

34.3091 **

33.8604

32.9578 last

32.4925

32.1979 **

31.4482 *

31.0019 **

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