- USD/TRY is currently trading at 2.9885 levels.
- It made intraday high at 2.9977 and low at 2.9850 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 3.0085 marks.
- A sustained close below 2.9725 mark will drag the parity down towards key supports around 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistance levels are seen at 3.0085, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position in USD/TRY around 2.98, stop loss 2.9722 and target 3.0085.


FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Woodies Pivot(Major)
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/CAD pauses decline,critical support lies ahead
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 



