- USD/TRY is currently trading at 4.5766 levels.
- It made intraday high at 4.5781 and low at 4.5330 levels.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 4.6282, 4.6347, 4.6484 and 4.6888 marks respectively.
- On the other side, A sustained close below 4.5539 will drag the parity down towards key supports around 4.5388 ,4.5183, 4.4875 and 4.4617 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- CBRT will release late liquidity window rate, 1-week repo rate, overight borrowing-lending rate at 1100 GMT.
We prefer to go long on USD/TRY only above 4.6327, stop loss at 4.5751 and target of 4.6888.
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