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- The Turkish Lira eased, reversing most of its previous session losses.
- On Thursday, the pair tumbled as low as 5.6698 but trimmed losses to close lower at 5.6905.
- USD/TRY is currently trading 0.2 percent up at 5.7013, having hit a high of 5.7576 on Wednesday, its highest since September 12.
- RSI is strong at 50.79 and Stochs indicate a bullish crossover
- Immediate resistance level is located at 5.7207, any close above could take it till 5.7503.
- On the downside, support is seen at 5.6732, and break below could take it near 5.6600.
Recommendation: Good to buy on dips around 5.6889, with stop loss of 5.6732 and target price of 5.7207.
