USD/TRY ST: the upside prevails as long as 1.576 is support
26-May-11
05:06
1.576 is our pivot point.
Our preference: the upside prevails as long as 1.576 is support.
Alternative scenario: the downside breakout of 1.576 would call for 1.545 and 1.527.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (standing respectively at 1.5664 and 1.5486).
Supports and resistances:
1.685 *
1.667 **
1.648
1.606 last
1.588
1.576 **
1.545 *
Ticker: TRY
