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- USD/TRY is currently trading at 3.0336 levels.
- It made intraday high at 3.0675 and low at 3.0273 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 3.0800 marks.
- A sustain close below 3.03 mark will drag the parity down towards key supports around 3.0218, 3.0122, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistance levels are seen at 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take short position in USD/TRY around 3.05, stop loss 3.0749 and target 3.0122/2.9668.
