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- USD/TRY is currently trading at 2.9778 levels.
- It made intraday high at 2.9787 and low at 2.9624 levels.
- Intraday bias remains bullish till the time pair holds key support at
2.9614.
- Key resistances are seen at 2.9787, 2.9867, 2.9977, 3.0085, 3.0268, 3.0392,
3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
- A sustained close below 2.9614 will drag the parity down towards key
supports around 2.9495, 2.9314, 2.9207, 2.9178, 2.9015 and 2.8847
thereafter.
- 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 2.9745, stop loss 2.9614 and target of 2.9932/3.0111/3.0268