- USD/TRY is currently trading at 3.5358 levels.
- It made intraday high at 3.5383 and low at 3.5187 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 3.5243 marks.
- Key resistances are seen at 3.5441, 3.5525, 3.5757, 3.5851, 3.6036, 3.6238, 3.6552, 3.6925, 3.7180, 3.7479 and 3.7620 levels respectively.
- On the other side, a sustained close below 3.5243 will drag the parity down towards key supports around 3.5187, 3.5018 and 3.4854 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to go short on USD/TRY only below 3.5187, stop loss 3.5441 and target of 3.5018.


FxWirePro: GBP/USD steadies ahead key data, BoE event risk
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 



