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- The pair rallied to an over 1-month high, major resistance is located at 5.8581
- USD/TRY is currently trading 0.1 percent up at 5.8391, having hit a high of 5.8456 earlier, its highest since August 30.
- RSI is strong at 64.12, MACD supports upside and Stochs are biased higher
- Immediate resistance level is located at 5.8581, any close above could take it till 5.9026.
- On the downside, support is seen at 5.7913, and break below could take it near 5.7607.
Recommendation: Good to buy on dips around 5.8122, with stop loss of 5.7913, and target price of 5.8581.
