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- USD/TRY is currently trading at 4.8161 levels.
- It made intraday high at 4.9268 and low at 4.6621 levels.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 4.9348, 4.9598, 4.9749, 4.9921 and 5.0080 marks respectively.
- On the other side, A sustained close below 4.6635 will drag the parity down towards key supports around 4.5420, 4.5238, 4.5001, 4.4875, 4.4427 and 4.40 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 4.80, stop loss at 4.5726 and target of 5.0080.
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