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USD/TRY Daily Technical Analysis | 3 January 2018

2018-01-03 09:33 am | Resource: Technical Analysis Section | No Views : 174

During the US session yesterday, USD/TRY managed to bounce back from 3.7525 areas as a result of the bulls trying to regain their balance.
USD/TRY Daily Technical Analysis | 3 January 2018

The pair is still trading between the levels of 3.7982 and 3.7592 on the hourly frame, and the simple moving average 20 is neutral.
RSI 14 is trading in a bullish direction due to the breach of the indicator of the bearish trend line during today's trading.
It is expected that if a breach of the US currency against the Turkish currency level of 3.7795 may target 3.7982 on the other side, if the break of 3.7525 may target 3.7005.
Support: 3.7525 - 3.7005 - 3.6484
Resistance: 3.7928- 3.8075 - 3.8424
Trend: neutral

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