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USD/TRY Daily Technical Analysis | 28 September 2017

2017-09-28 11:58 am | Resource: Technical Analysis Section | No Views : 196

USD/TRY breached the 3.5766 level during today's Asian session, and the pair is currently testing the pair. The pair is trading in a bullish direction and the simple moving average 20 rises to confirm this.

USD/TRY  Daily Technical Analysis | 28 September 2017

RSI 14 shows buyers' intention to enter and the need for correction to gain more momentum.
 It is expected that, if USD breaks against TRY at 3.5642, the pair may start a large correction wave and may target 3.5237 while in case of a breach, the level of 3.6014 might target 3.5766.
Support: 3.5495 - 3.5766 -3.5314
Resistance: 3.6014 - 3.6253 - 3.6386
Trend: Up

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