(09 APRIL 2019)USD/TRY:Bullish bias above 5.6600.

Pivot (invalidation): 5.6600

Our preference

Long positions above 5.6600 with targets at 5.7170 & 5.7400 in extension.

Alternative scenario

Below 5.6600 look for further downside with 5.6280 & 5.6000 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)