- USD/TRY is currently trading at 2.9631 levels.
- It made intraday high at 2.9655 and low at 2.9586 levels.
- Intraday bias remains bullish till the time pair holds key support at 2.9481 marks.
- A sustained close below 2.9543 will drag the parity down towards key supports around 2.9481, 2.9318, 2.9178, 2.9015 and 2.8847 thereafter.
- On the other side, key resistances are seen at 2.9672, 2.9710, 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 long position in USD/TRY around 2.9610, stop loss 2.9481 and target 2.9977.