- USD/TRY is currently trading at 4.3910 levels.
- It made intraday high at 4.3980 and low at 4.3476 levels.
- Intraday bias remains bullish till the time pair holds key support at 4.2201 levels.
- Key resistances are seen at 4.4022, 4.4258, 4.4476 and 4.4520 levels respectively.
- A sustained close below 4.3650 will drag the parity down towards key supports around 4.3476, 4.3020, 4.2553, 4.2201 and 4.2105 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/TRY around 4.3800, stop loss at 4.3288 and target of 4.4258.
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