- USD/TRY is currently trading at 4.5642 levels.
- It made intraday high at 4.5992 and low at 4.5554 levels.
- Intraday bias remains bearish for the moment.
- Key resistances are seen at 4.6282, 4.6347, 4.6484 and 4.6888 marks respectively.
- On the other side, A sustained close below 4.5818 will drag the parity down towards key supports around 4.5500, 4.5294, 4.5093, 4.4617 and 4.4470 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
