(16 NOVEMBER 2018)USD/TRY:Continuation of the rebound.

Pivot (invalidation): 5.3290

Our preference

Long positions above 5.3290 with targets at 5.4080 & 5.4460 in extension.

Alternative scenario

Below 5.3290 look for further downside with 5.3000 & 5.2690 as targets.

Comment

The RSI advocates for further upside.

(By Swissquote TRADING CENTRAL)