(03 January 2020)USD/TRY Bullish bias above 5.9400.

Pivot
 (invalidation): 5.9400
Our preference
Long positions above 5.9400 with targets at 5.9670 & 5.9770 in extension.
Alternative scenario
Below 5.9400 look for further downside with 5.9310 & 5.9210 as targets.
Comment
The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)