- USD/TRY is currently trading 0.1 percent up at 5.6759, having hit a low of 5.6656 earlier, its lowest since September 18.
- Stochs are on the verge of a bullish crossover, minor jump expected
- RSI is weak at 46.66 and MACD supports downside
- 21-EMA continues to act as minor resistance.
- Immediate resistance is located at 5.7281 (21-DMA), any close above could take it till 5.7650 (September 9 High).
- On the downside, support is seen at 5.6600 (September 18 Low), and break below could take it near 5.6468.
Recommendation: Good to buy on dips around 5.6694, with stop loss of 5.6600 and target price of 5.7067.
