- USD/TRY is currently trading at 3.5430 levels.
- It made intraday high at 3.5441 and low at 3.5254 levels.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 3.5441, 3.5525, 3.5757, 3.5851, 3.6036, 3.6238, 3.6552, 3.6925, 3.7180, 3.7479 and 3.7620 levels respectively.
- On the other side, a sustained close below 3.5344 will drag the parity down towards key supports around 3.5137, 3.4899, 3.4766 and 3.4558 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to go long on USD/TRY only above 3.5441, stop loss 3.5200 and target of 3.5525/3.5757.
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