• USD/TRY is currently trading at 2.9575 levels.
   
• It made intraday high at 2.9608 and low at 2.9533 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 2.9463 marks.
   
• A sustained close below 2.9516 will drag the parity down towards key supports around 2.9463, 2.9260, 2.9189, 2.9015 and 2.8847 thereafter.
   
• On the other side, key resistance levels are seen at 2.9699, 2.9867, 2.9977, 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
  
  We prefer to take long position in USD/TRY only above 2.9608, stop loss 2.9516 and target 2.9699/2.9749.