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- USD/TRY is currently trading at 4.6117 levels.
- It made intraday high at 4.6155 and low at 4.5823 levels.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 4.6347, 4.6426 and 4.6888 marks respectively.
- On the other side, A sustained close below 4.5900 will drag the parity down towards key supports around 4.5751, 4.5541, 4.5390 and 4.5183 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 4.6150, stop loss at 4.5751 and target of 4.6888.
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