USD/TRY is currently trading at 2.9631 levels. It made intraday high at 2.9655 and low at 2.9586 levels. Intraday bias remains bullish till the time pair holds key support at 2.9481 marks. A sustained close below 2.9543 …
It made intraday high at 2.9655 and low at 2.9586 levels.
Intraday bias remains bullish till the time pair holds key support at 2.9481 marks.
A sustained close below 2.9543 will drag the parity down towards key supports around 2.9481, 2.9318, 2.9178, 2.9015 and 2.8847 thereafter.
On the other side, key resistances are seen at 2.9672, 2.9710, 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 around 2.9610, stop loss 2.9481 and target 2.9977.
