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Add as a preferred source on Google FxWirePro: USD/TRY rallies to 3-1/2 week peak, jump till 5.7650 likely The Turkish Lira eased, halting a 3-day rally as the greenback gained strength across the board. USD/TRY is currently trading 0.9 percent up at 5.7364, having hit a high of 5.7586 earlier, its highest since September 12.…
By FxWirePro Team Oct 7, 2019, 10:15 AM UTC
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The Turkish Lira eased, halting a 3-day rally as the greenback gained strength across the board.
USD/TRY is currently trading 0.9 percent up at 5.7364, having hit a high of 5.7586 earlier, its highest since September 12.
RSI is strong at 55.02 and Stochs are biased higher
Immediate resistance level is located at 5.7650, any close above could take it till 5.7913.
On the downside, support is seen at 5.6951, and break below could take it near 5.6732.
Recommendation: Good to buy on dips around 5.7061, with stop loss of 5.6951, and target price of 5.7650.
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