FxWirePro: USD/TRY takes halt around 4.57 mark, bias remains neutral
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 r…
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.
