FxWirePro: USD/TRY rallies to 1-week peak, jump till 5.7702 likely

• The Turkish Lira plunged to a 1-week low, as investors await Central Bank of Turkey's interest rate decision due next week. 
   
• USD/TRY is trading 0.2 percent up at 5.7608, having hit a low of 5.7306 on Tuesday, its lowest since November 25. 
   
• Earlier in the day, the pair declined as low as 5.7411, but found strong support at 21-DMA. 
   
• Momentum indicators are bullish - RSI strong at 53.95, MACD supports upside and Stochs are biased higher. 
   
• Immediate resistance is located at 5.7702, any close above could take it above 5.7749.
   
• On the downside, support is seen at 5.7405 (21-DMA), and break below could take it near 5.7319 (200-DMA).

Recommendation: Good to buy on dips around 5.7475, with stop loss of 5.7405 and target price of 5.7702.