Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Turkish lira hits fresh record low of 3.2980 against U.S. dollar, stay bullish

  • USD/TRY is currently trading at 3.2948 levels.
     
  • It made intraday high at 3.2980 and low at 3.2819 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 3.2361 levels. 
     
  • Key resistances are seen 3.3011, 3.3048 and 3.3147 marks respectively.
     
  • Alternatively, sustained close below 3.1422 will drag the parity down towards key supports around 3.1088, 3.0924, 3.0797, 3.0514, 3.0343 and 3.0159 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/TRY only above 3.3008, stop loss at 3.2361 and target of 3.3147.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.