- USD/TRY is currently trading at 2.9375 levels.
- It made intraday high at 2.9428 and low at 2.9354 levels.
- Intraday bias remains bearish till the time pair holds key support at 2.9524 marks.
- A sustained close below 2.9396 will drag the parity down towards key supports around 2.9260, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistances are seen at 2.9524, 2.9637, 2.9699, 2.9867, 2.9977, 3.0085, 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 2.9400, stop loss 2.9524 and target 2.9260/2.9189.
