FxWirePro: USD/TRY hovers around 3.64 mark, sustained close above targets 3.6925
Tuesday, April 4, 2017 7:11 AM UTC
- USD/TRY is currently trading at 3.6395 levels.
- It made intraday high at 3.6467 and low at 3.6362 levels.
- Intraday bias remains neutral till the time pair holds key support at 3.6200 marks.
- Key resistances are seen at 3.6552, 3.6925, 3.7180, 3.7479 and 3.7620 levels respectively.
- A sustained close below 3.62 will drag the parity down towards key supports around 3.5852, 3.5558, 3.5351 and 3.5132 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 around 3.6390, stop loss 3.62 and target of 3.6925.