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USD/TRY Daily Technical Analysis | 22 September 2017

2017-09-22 04:48 pm | Resource: Technical Analysis Section | No Views : 167

USD/TRY breached the minor bullish trend line during today's Asian session, and the SMA 20 has a negative cross with the trendline, which indicates further bearishness for the coming period.

USD/TRY Daily Technical Analysis | 22 September 2017

RSI 14 breaks the bullish trend line and is currently trading in a bearish direction, heading towards the 30 zone and in the case of trading below the bear will control the bear completely on the pair.
It is expected that, as long as USD/TRY is trading below 3.4999, it may target the level of 3.4651 at the very least on the side in case, a breach of 3.5190 might target the 3.5314 level.
Support: 3.4721- 3.4575 - 3.4162
Resistance: 3.5115 - 3.5314 - 3.5495
Trend: Down

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