- USD/TRY is currently trading at 4.0810 levels.
- It made intraday high at 4.1174 and low at 4.0723 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 4.1606 levels.
- Key resistances are seen at 4.1606, 4.1723, 4.1845, 4.1934 and 4.2224 levels respectively.
- A sustained close below 4.1060 will drag the parity down towards key supports around 4.0855, 4.0711, 4.0563, 4.0331, 4.0073, 3.9944 and 3.9845 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go long on USD/TRY around 4.0650, stop loss at 4.0073 and target of 4.1723.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists 



