- The Turkish Lira eased extending previous session losses, following downbeat unemployment data.
- Turkey's unemployment rate increased to 14.0 percent in August from 11.1 percent in the same month of the previous year, its highest jobless rate since March.
- USD/TRY is currently trading 0.2 percent up at 5.7565, having hit a low of 5.7329 on Wednesday, its lowest since November 5.
- Momentum indicators are bullish - RSI strong at 50.06 and Stochs are biased higher.
- Immediate resistance level is located at 5.7749, any close above could take it above 5.7897.
- On the downside, support is seen at 5.7329, and break below could take it near 5.7197.
Recommendation: Good to buy on dips around 5.7480 with stop loss of 5.7329, and target price of 5.7749.