USD/TRY Strong Support and Choppy Bullish Price Action
USD/TRY broke the resistance of 17.97 and the area above it(green) which was previous resistance for a while.
After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00
I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.
After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00
I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.