- USD/TRY is currently trading at 4.5284 levels.
- It made intraday high at 4.54030 and low at 4.4694 levels.
- Intraday bias remains bullish till the time pair holds key support at 4.4558 mark.
- Key resistances are seen at 4.5868, 4.6282, 4.6347, 4.6484 and 4.6888 marks respectively.
- On the other side, A sustained close below 4.48 will drag the parity down towards key supports around 4.4617, 4.4470, 4.4218, 4.3836 and 4.3595 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 4.5403, stop loss at 4.5000 and target of 4.5868.
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