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FxWirePro: USD/TRY fails to hold above 2.95 mark, downside limited

Tuesday, August 23, 2016 7:19 AM UTC

USD/TRY is currently trading at 2.9388 levels.
It made intraday high at 2.9411 and low at 2.9315 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9203 marks.
A sustained close below 2.92 will drag the parity down towards key supports around 2.9015 and 2.8847 thereafter.
On the other side, key resistances are seen at 2.9504, 2.9637, 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take long position in USD/TRY only above 2.9411, stop loss 2.9210 and target 2.9700.

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FxWirePro: USD/TRY fails to hold above 2.95 mark, downside limited

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