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Hi everyone,
The USD/TRY rate has risen to 3.9035 during the day, but the item has not moved on. Currently, it is priced at 3.88-3.89. Set the resistance position to 3.8885 area for currency. This can be because the resistance point is increased above 3.90 to gain momentum towards resistance. In contrast, the location is at 3.85 regional support points. This support point can bring the range of 3.80-3.85 to the agenda. However, continuing to exchange rates in an environment where retreats are limited may continue to violate 3.85-3.90. According to my estimate, the rate might test again 3.90 on Monday.
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The USD/TRY rate has risen to 3.9035 during the day, but the item has not moved on. Currently, it is priced at 3.88-3.89. Set the resistance position to 3.8885 area for currency. This can be because the resistance point is increased above 3.90 to gain momentum towards resistance. In contrast, the location is at 3.85 regional support points. This support point can bring the range of 3.80-3.85 to the agenda. However, continuing to exchange rates in an environment where retreats are limited may continue to violate 3.85-3.90. According to my estimate, the rate might test again 3.90 on Monday.
Read more