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NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
- USD/TRY is currently trading at 2.9797 levels.
- It made intraday high at 2.9801 and low at 2.9722 levels.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 2.9809, 2.9977, 3.0085, 3.0268, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
- A sustained close below 2.9663 will drag the parity down towards key supports around 2.9649, 2.9491, 2.9314, 2.9207, 2.9178, 2.9015 and 2.8847 thereafter.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go long on USD/TRY around 2.9765, stop loss at 2.9663 and target of 2.9977/3.0114/3.0268.
