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- USD/TRY is currently trading at 3.3134 levels.
- It made intraday high at 3.3254 and low at 3.3089 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 3.3276 levels.
- Key resistances are seen 3.3276, 3.3378 and 3.3415 marks.
- Alternatively, sustained close below 3.31 will drag the parity down towards key supports around 3.2811, 3.2490, 3.2067 and 3.1635 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 3.3207, stop loss at 3.2782 and target of 3.3415.
