Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Turkish lira trades marginally lower against U.S. dollar, faces strong resistance at 3.6336

  • USD/TRY is currently trading at 3.6296 levels.
     
  • It made intraday high at 3.6359 and low at 3.6202 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 3.6000 marks.  
     
  • Key resistances are seen at 3.6336, 3.6441, 3.6568, 3.6924 and 3.7012 marks respectively.
     
  • A sustained close below 3.6336 will drag the parity down towards key supports around 3.6005, 3.5812 and 3.5558 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.
  • Market Data
Close

Welcome to EconoTimes

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