Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Turkish lira recovers slightly against U.S. dollar from record low at 3.3276, bias remains neutral

  • 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.

  • Market Data
Close

Welcome to EconoTimes

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