Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Turkish lira strengthens against USD, good to sell on rallies

  • USD/TRY is currently trading at 2.9756 levels.
     
  • It made intraday high at 3.9877 and low at 2.9731 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 3.0087 marks.
     
  • A sustained close below 2.9667 mark will drag the parity down towards key supports around 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
     
  • On the other side, key resistance levels are seen at 3.0087, 3.0119, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take short position in USD/TRY around 2.9848, stop loss 3.0000 and target 2.9598.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.