- The Turkish Lira nudged higher, hovering towards to a 3-week peak hit earlier in the week.
- USD/TRY is trading down at 6.0730, having hit a high of 6.2569 on Monday, its highest since September 2018.
- Momentum indicators are bearish on hourly charts - RSI weak at 43 and Stochs are biased lower.
- Immediate resistance is located at 6.1250, any close above could take it above 6.1363 (10-DMA).
- On the downside, support is seen at 6.0514 and break below could take it near 6.0338.
Recommendation: Good to sell on rallies around 6.0790, with stop loss of 6.0868 and target price of 6.0514.
