(04 August 2020)USD/TRY Continuation of the rebound.

Pivot
 (invalidation): 6.9540
Our preference
Long positions above 6.9540 with targets at 6.9870 & 7.0060 in extension.
Alternative scenario
Below 6.9540 look for further downside with 6.9330 & 6.9170 as targets.
Comment
The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)