• FxWirePro: USD/TRY spikes up to record high at 4.0345 Mark, intraday bias remains bullish

    Source: FxWire Pro - Technicals / 23 Mar 2018 03:36:44   Eastern Standard Time

    • USD/TRY is currently trading at 3.9648 levels.
       
    • It made intraday high at 4.0345 and low at 3.9644 levels.
       
    • Intraday bias remains bullish for the moment till the time pair holds key support at 3.9056 levels. 
       
    • Key resistances are seen at 4.0348, 4.0496, 4.0555 and 4.0778 levels respectively.
       
    • A sustained close below 3.9067 will drag the parity down towards key supports around 3.8916, 3.8747, and 3.8360 levels respectively.
       
    • 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 3.95, stop loss at 3.9323 and target of 4.0345/4.0496.

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