FxWirePro: USD/TRY rallies to 1-week peak, good to buy on dips

• The Turkish Lira slumped to a 1-week low, as investors await Central Bank of Turkey's interest rate decision due next week.  
   
• USD/TRY is trading 0.3 percent up at 5.7670, having hit a high of 5.7685 on Thursday, its highest since November 28. 
   
• Momentum indicators are bullish - RSI strong at 55.47, MACD supports upside and Stochs are biased higher. 
   
• Immediate resistance is located at 5.7749, any close above could take it above 5.7812.
   
• On the downside, support is seen at 5.7429, and break below could take it near 5.7339 (200-DMA).

Recommendation: Good to buy on dips around 5.7506, with stop loss of 5.7429 and target price of 5.7749.