USD/TRY is currently trading at 2.9530 levels. It made intraday high at 2.9596 and low at 2.9495 levels. Intraday bias remains neutral for the moment. A sustained close below 2.9314 will drag the parity down towards key …
It made intraday high at 2.9596 and low at 2.9495 levels.
Intraday bias remains neutral for the moment.
A sustained close below 2.9314 will drag the parity down towards key supports around 2.9207, 2.9178, 2.9015 and 2.8847 thereafter.
On the other side, key resistances are seen at 2.9605, 2.9661, 2.9710, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
