USD/TRY is currently trading at 2.8795 levels. It made intraday high at 2.8921 and low at 2.8729 levels. Intraday bias remains bearish for the moment. A recent down fall from the 2.9991 was a corrective move. A daily clo…
It made intraday high at 2.8921 and low at 2.8729 levels.
Intraday bias remains bearish for the moment.
A recent down fall from the 2.9991 was a corrective move.
A daily close below 2.8729 will take the parity towards 2.8217 marks.
Alternatively, reversal form key support will turn the bias bullish again and drag the parity higher.
Initial support levels are seen at 2.8716, 2.8490 and 2.8217 marks.
On the other side, key resistance levels are seen at 2.9071, 2.9150 and 2.9328 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
